Blossom Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project Investment 22A 23A 24A (a) Click here to view PV table. Project 22A $240,100 $16.700 270,100 23A 280,100 24A Annual Income 20,600 Annual net income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Blossom Company uses the straight-line method of depreciation. 15,700 Determine the internal rate of return for each project. (Round answers O decimal places, e.g. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal Rate of Return % Life of Project 6 years % 19 % years 7 years

Blossom Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual net income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Blossom Company uses the straight-line method of depreciation. Click here to view PV table. (a) Determine the internal rate of return for each project. (Round answers 0 decimal ploces, es. 13\%. For calculation purposes, use 5 decimol places as displayed in the factor table provided.) If Blossom Company's required rate of return is 11%, which projects are acceptable? The following project(s) are acceptable