--/3.41 Question 4 View Policies Current Attempt in Progress OrioleCompany is considering two capital investment proposals. Estimates regarding each project are provided below: Project Sour Project Nuts Initial investment $345000 $444000 Annual net income 30000 46000 Net annual cash inflow 110000 146000 Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Periods 5 Present Value of an Annuity of 1 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 6 Net annual cash inflow Estimated useful life Salvage value 110000 5 years 0 146000 6 years 0 The company requires a 10% rate of return on all new investments. Periods 5 6 Present Value of an Annuity of 1 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 The cash payback period for Project Nuts is 3.04 years 4.31 years. 11.50 years. 6.21 years