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 an 8% return from its investments. (PV of $1. EV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Initial investeent Project X1 $ (98,000) Project 82 (156,000) Net cash flows in Year 1 Year Year 3 34,000 73,500 44,500 63,500 69,500 53,500 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 Compute each project's net present value. (Round your final answers to the nearest dallas) Net Cash Flows Present Value of 1 at 0% Present Value of Net Cash Flows Project X1 Year 1 Year 2 Year 3 Totals Indial investment Net present value Project X2 Year 1 Year 2 Year 3 Totals initial investment Net present value Required B> wing is Information on two alternative Investment projects being considered by Tiger Company. The company requires an 8% n from Its Investments. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Project X1 tial investment $ (98,000) Project X2 $ (156,000) cash flows in: Year 1 34,000 73,500 44,500 63,500 69,500 53,500 Year 2 Year 3 mpute each project's net present value. ompute each project's profitability Index. he company can choose only one project, which should it choose on the basis of profitability Index? omplete this question by entering your answers in the tabs below. quired A Required B Required C mpute each project's profitability index. roject X1 roject X2 Numerator: Profitability Index Denominator: Profitability Index Profitability index