Phoenix Company can invest in each of three cheese-making projects: C1, C2. and C3. Each...

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Phoenix Company can invest in each of three cheese-making projects: C1, C2. and C3. Each project requires an initial investment of $318,000 and would yield the following annual cash flows. (PV of S1, EV of S1. PVA of S1, and EVA. ol (S1) (Use oppropriate foctor(s) from the tables provided.) 1. Assume that the company requires 38% retum from its investments, Using net pesent value, determire which projects. ir ary. should be acauired 2. Using the answer from part 1, is the intemol rate of return biqher or iower than 8 ss foc Project 62 ? Complete this question by entering your answers in the tabs below

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