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Exercise 24-11 Net present value, profitability index LO P3 Following is information on two alternative investments being considered by Tiger Co. The company requires a 7% return from its investments. (PV of $1. PV of $1, PVA of $1, and FVA of $1) (Use appropriate factors) from the tables provided.) Project X1 Project X2 $ (96,000) $(152,800) Initial investment Expected net cash flows in year: 33,880 43,500 68,5e0 72,000 62,000 52,008 a. Compute each project's net present value. b. Compute each project's profitability index. If the company can choose only one project, which should it choose? Complete this question by entering your answers in the tabs below. Required A Requireds Compute each project's net present value. (Round your final answers to the nearest dollar.) ot 1 at 7% t Cash F Project X1 Year 1 Year 2 Year 3 Totals Amount invested Net present value Project X2 Year 1 Year 2 Year 3 Totals Amount invested Not present value Required B >