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. Investment Useful life Estimated annual net cash inflows for 6 years Residual value Depreciation method Wacky Water Race $32,000 6 $7,784 $0 straight-line Whack -A- Mole $29,000 6 $6,273 $0 straight - line If internal rate of return is used to decide which project the decision would be? A. Choose Whack-A-Mole which is 2.4% lower B. Choose Wacky Water Race which is 4% higher C. Choose Whack-A-Mole which is 4% lower D. Choose Whacky Water Race which is 2.4% higher Present Value of $1 Periods 1 8% 4% 0.962 6% 0.943 0.926 2 3 0.925 0.889 0.855 0.822 0.790 0.857 0.794 0.735 0.681 4 0.890 0.840 0.792 0.747 0.705 0.665 0.627 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 5 6 0.630 7 0.760 0.583 0.452 0.404 8 0.731 0.540 Present Value of Annuity of $1 Periods 4% 8% 10% 12% 6% 0.943 1 0.962 0.926 0.909 2 3 4 1.886 2.775 3.630 4.452 5.242 6.002 1.833 2.673 3.465 4.212 4.917 5.582 6.210 5 1.783 2.577 3.312 3.993 4.623 5.206 5.747 0.893 1.690 2.402 3.037 3.605 4.111 4.564 1.736 2.487 3.170 3.791 4.355 4.868 5.335 6 7 8 6.733 4.968