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Bonita Company is considering two capital expenditures. Relevant data for the projects are as follows:

Bonita Company uses the straight$-$line method to depreciate its assets.

Calculate the internal rate of return for each project. $($For calculation purposes, use $5$ decimal places as displayed in the factor table

provided, e$.$g$.1\mathrm{.}25125.$ Round answers to $0$ decimal places, e$.$g$.15\%.)$

Click here to view the factor table.

Determine whether the projects are acceptable if the required rate of return is $9\%.$