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Chapter 24 Homework Saved Help Save & Exit Submit Check my work 07 Exercise 24-14 Computing and interpreting net present value and internal rate of return LO P3, P4 3.6 points 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 $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) eBook Hint Year 1 Year 2 Year 3 Totals C1 $ 40,000 136,000 196,000 $372,000 C2 $124,000 124,900 124,000 $372,000 C3 $208,000 88,000 76,000 $372,000 Print 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 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 Chapter 24 Homework i Saved Help Save & Exlt Submit Check my work 5 Required 1 Required 3.6 points 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.) eBook Hint Project C1 Initial Investment Chart Values are Based on: % Cash Year X Inflow 1 Print PV Factor Present = Value 2 3 = 0 Project C2 Initial Investment Year Cash Inflow PV Factor Present Value Chapter 24 Homework i Saved Help Save & Exit Submit Check my work 5 Project C2 Initial Investment Cash Year Inflow PV Factor Present Value 1 3.6 points 2 3 = eBook Hint Print 0 Project C3 Initial Investment Year Cash Inflow PV Factor Present Value 1 2 3 = Chapter 24 Homework A Saved Help Save & Exit Submit Check my work 07 5 3.6 points eBook 0 Hint Project C3 Print Initial Investment Year Cash Inflow X PV Factor Present Value 1 2 3 Chapter 24 Homework A Saved Help Save & Exit Submit Check my work 5 LACILISC ETI vurrunry anru "TICIPI curry ricu PICCIL value and FI CITIGI TOIC VI TCLUIT Lurur 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 $1. FV of $1. PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) 3.6 points Ci $ 40,000 136,000 196,000 $372,000 Year 1 Year 2 Year 3 Totals C2 $124,000 124,000 124,000 $372,000 C3 $208,000 88,000 76,000 $372,000 eBook Hint Print 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 Using the answer from part 1, is the internal rate of return higher or lower than 9% for Project C2? Is the intemal rate of retum higher or lower than 9% for Project C2?