accounting question

Question 13 Salarian Company is considering two capital expenditures. Relevant data for the projects are as follows: Project A B Initial investment $225,551 $257,622 Annual income $48,790 $48,290 Life of project 6 years 8 years Salvage value $0 $0 Salarian Company uses the straight-line method to depreciate its assets. (a) Calculate the internal rate of return for each project. ( For calculation purposes, use 4 decimal places as displayed in the factor table provided, e.g. 1.2512. Round answers to 0 decimal places, e.g. 15%.) Click here to view PV table. Internal rate of return Project A Project B Attempts: 0 of 1 used