Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below: The company requires a 10% rate of return on all new investments. The internal rate of return for Project Nuts is approximately a) 10% b) 11%. c) 12% d) 9%. A company expected its annual overhead costs to be $750,000 and machine hours to equal 100,000 hours. Actual overhead was $745,000, and actual machine hours totalled 97,000 hours. How much is the company's predetermined overhead rate to the nearest cent, assuming overhead is applied based on machine hours? a) $7.45 b) $7.50 c) $7.68 d) $7.73