2) lile cash payback period on the proposed capital expenditure. uscounted cash flow technique, calculate the net present value. Project 23 follows: considering three capital expenditure projects. Relevant data for the projects are as Determine inter return Investment Annual Income (LO 4) AP Life of Project $240,000 $13,300 6 years 270,000 19,000 9 years 24 288,000 18,400 8 years Annual income is constant over the life of the project. Each project is expected to have zero residual value. Calibrachoa Corp. uses the straight-line method of depreciation. Instructions (a) Determine the internal rate of return for each project. Round the internal rate of return factor to three decimals. (b) If Calibrachoa Corp's minimum required rate of return is 10%, which projects are acceptable? Problems: Set A