Exercise $26-18($Algo$)$ Net present value, unequal cash flows, and internal rate of return LO P$3,$ P$4$

Phoenix Company is considering investments in projects C$1$ and C$2.$ Both require an initial investment of $$306,000$ and would yield the following annual net cash flows. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

$\backslash$table$[[$Net cash flows,Project C$1,$Project C$2],[$Year $1,$$$38,000,$$$122,000$