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

Project Soup Project Nuts

Initial investment

$$400,000,$$$600,000$

Annual net income

$30,000,46,000$

Net annual cash flow

$110,000,146,000$

Estimated useful life

$5$ years

$6$ years

Salvage value

$-0-$

$-0-$

The company requires a $10\%$ rate of return on all new investments.

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