23-10 Calibrachoa Corp. is considering three capital expenditure projects. Relevant data for the projects are as follows Life of Project Annual Income Project Investment 6 years 9 years 8 years $13,300 22 $240,000 23 19,000 270,000 24 18,400 288,000 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 Corps minimum required rate of return is 10%, which projects are acceptable