Exercise 24-10 (Algo) Net present value, unequal cash flows, and profitability index LO P3 Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 7% return from its investments. (PV of $1. EV of $1. PVA of $1. and EVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investment Project X1 $ (100,000) Project X2 $ (172,000) Niet cash flows int Year 1 38,000 79,500 48,500 Year 2 Year 3 49,500 73,500 59,500 a. Compute each project's net present value. b. Compute each project's profitability Index. c. If the company can choose only one project, which should it choose on the basis of profitability index? Complete this question by entering your answers in the tabs below. Required A Required B Required C Dundur final answers to the nearest dollar) ok ht ences Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute each project's net present value. (Round your final answers to the nearest dollar.) Net Cash Present Value Flows Present Value of Net Cash Flows of 1 at 7% Project X1 Year 1 Year 2 Year 3 Totals Initial investment Net present value Project X2 Year 1 Year 2 Year 31 Totals Initial investment Not present value Required A Required B > Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute each project's profitability index. Profitability Index Numerator: Denominator: Project X1 Project X2