Exercise 24-18 (Algo) Net present value, unequal cash flows, and internal rate of return LO P3, P4 Phoenix Company is considering investments in projects Cl and C2. Both require an initilil investment of $336.000 and would yield the following annual net cash fows. (PV of S1, EV of SS, PVA O(S), and FVA of S) (Use appropriate factor(s) from the tables prowided.) a. The company requires a 8% return from its investments. Compute net present values using factors from Table B.I in Appendix B to determine which projects, if any, should be accepted b. Using the answer from part a, is the internal rate of return higher or lower than 8% for (i) Project Cl and (G) Project C2? Complete this question by entering your answers in the tabs below. The company requires a 8% retum from its investments. Compute net present values using factors from Table B. 1 in Appendix B to determine which projects, if any, should be accepted. (Wegative net present values sheuld be indicated with a minus sign. Round your present value factor to 4 derimais: Round your answers to the nearest wholo dollac)