Carr Company is considering two capital investment proposals. Estimated regarding each project are provided below.

Project Soup

Initial investment. $400,000

Annual Net Income. $30,000

Net Annual Cash Inflow $110,000

Estimated Useful Life. 5 years

Salvage Value. 0

Project Nuts

Initial Investment. $600,000

Annual Net Income. $46,000

Net Annual Cash Inflow. $146,000

Estimated Useful Lufe. 6 years

Salvage Value. 0

The company requires a 10% rate of return on all investments

Present Value of an Annuunity of 1

Period 5

9%. 3.890

10%. 3.791

11%. 3.696

12%. 3.605

Period 6

9%. 4.486

10%. 4.355

11%. 4.231

12%. 4.111

The internal rate of return for Project Nuts is approximately?

The annual rate of return for Prohect Soup is?