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 C1 and C2. Both require an initial investment of $324,000 and would yield the following annual net cash flows. (EY of $1. EV of $1. PVA of $1 and EVA.oS) (Use appropriate factor(s) from the tables provided.) Year 1 Project C1 $ 44,000 140,000 200,000 Project (2 $ 120,000 128,000 128,000 Year 2 Year 3 Totals $ 384,000 $ 304,000 es a. The company requires a 8% return from its investments. Compute net present values using factors from Table B1 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 () Project C1 and (i) Project C2? Complete this question by entering your answers in the tabs below. Required A Required B The company requires a 8% return from its investments Compute net present values using factors from Table 8.1 in 1 Appendix B to determine which projects, if any, should be accepted. (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 Inital Investment Chart Values are Based on 13 book Year Year 1 Year 2 Your 3 Intial Investment Year Year 1 Year 2 Year 3 Cash inflow Project C2 X Cash Inflow PV Factor PV Factor Present Value Present Value Required B nts eBook Herd Print Terences 10, that 200,000 Year 3 Totals 128,000 128,000 $384,000 $ 384,000 a. The company requires a 8% return 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. b. Using the answer from part a, is the internal rate of return higher or lower than 8% for (1) Project C1 and (i) Project C2? Complete this question by entering your answers in the tabs below. Required A Required B Using the answer from part a, is the internal rate of return higher or lower than 8% for (1) Project C1 and (ii) Project C22 () is the internal rate of return higher or lower than 8% for Project C1? (ii) is the internal rate of return higher or lower than 8% for Project C2?