Dandy's Fun Park is evaluating the purchase of a new game to be located on its Midway. Dandy's has narrowed their choices down to two: the Wacky Water Race game and the Whack A- Mole game. Financial data about the two choices follows Whack-A- Mole $29,000 6 $8,719 $0 straight -line Wacky Water Race $32,000 Investment Useful life Estimated annual net cash inflows for 6 years Residual value Depreciation method $7,784 $0 straight - line If internal rate of return is used to decide which project the decision would be? 0 A. Choose Whack-A-Mole which is 5.8% higher 0 B. Choose whack-A-Mole which is 6% higher C. Choose Whack-A-Mole which is 8% higher D. Choose Wacky Water Race which is 8% lower Data Table Present Value of $1 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 8% 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 Periods 1 2 3 4 6 7 Print Done