Crane Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual net income is constant over the life of the projec. Each project is expected to have zero salvage value at the end of the project. Crane Company uses the straight-line method of depreciation. Determine the internal rate of return for each project. (Round answers to 0 decimal places, eg. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (b) If Crane Company's required rate of return is 11%, which projects are acceptable? The following project(s) are acceptable