Blossom Company is considering two capital investment proposals. Estimates regarding each project are provided below: Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value ec $620000 58000 186000 5 years $820000 46000 161000 6 years The company requires a 10% rate of return on all new investments. Periods 9% 10% 11% 12% 3.890 3.7913.696 3.605 4.486 4.355 4.231 4.111 The internal rate of return for Project Nuts is approximately 3.9% 4.9% 1.9% 2.9%