Blue Spruce Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual Income Life of Project Project Investment 22A $232,200 $14,615 6 years 23A 246,600 259,700 18,882 9 years 14,500 7 years 24A Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Blue Spruce 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 O decimal places, e.g. 10. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Determine the internal rate of return for each project. (Round answers 0 decimal places, e.g. 10. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal Rate of Return Project 22A 23A 24A (b) If Blue Spruce Company's required rate of return is 10%, which projects are acceptable? The following project(s) are acceptable