Exercise 24-14 Computing and interpreting net present value and internal rate of return LO P3, P4 Phoenix Company can invest in each of three cheese-making projects: C1, C2, and C3. Each project requires an initial investment of $312,000 and would yield the following annual cash flows. (PV of S1 FV 0f $1, PVA of S1, and EVA [ 5.1 (Use appropriate factor() from the tables provided.) C2 Year 1 5124,000 5200,000 Year 2 136.000 124,000 38,000 196,000 124, ce Totals $372.000 $372.000 5372,000 C1 $ 40,000 Year 3 76,000 1. Assume that the company requires a 9% return from its investments. Using net present value, determine which projects, if any, should be acquired 2. Using the answer from part 1, is the internal rate of return higher or lower than 9% for Project C2? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Assume that the company requires a return from its investments. Using net present value, determine which projects, if any, should be acquired. (Negative net present Values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar) Project 1 Initial investment Chart Values are based on % Cash Year Infow 1 2 PY Factor Present Value 3 Required 1 Required 2 Assume that the company requires a 9% return from its investments. Using net present value, determine which projects, If any, should be acquired. (Negative net present values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar) Project C1 Initial Investment Chart Values are Baned on: * Cash PY Inflow Factor 1 2 3 Year Present Value es Project C2 Initial Investment Yuar Canh Inflow PV Foctar Present Value 1 2 3 Project CZ Initial Investment Year Cash Inflow PV Factor Present Value 1 2 3 ok Project CS Initial Investment ces Year Cash inflow PV Factor Present Value 1 2 3 Rece Required 2 >