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

Project SoupProject Nuts

Initial investment$410,000$600,000

Annual net income30,00060,000

Net annual cash inflow110,000146,000

Estimated useful life5 years6 years

Salvage value-0--0-

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

Present Value of an Annuity of 1

Periods9%10%11%12%

53.8903.7913.6963.605

64.4864.3554.2314.111

1)The cash payback period forProject Soupis:

Use the following format:x.x years

2) The net present value for Project Soup is:

Use commas but do NOT use $ or cents

3) The APPROXIMATE internal rate of return for Project Soup is:

Use the following format:xx%

4) The annual rate of return for Project Nuts is:

Use the following format:xx%