Exercise 12-7 (Video) Iggy Company is considering three capital expenditure projects, Relevant data for the projects are as follows. Project Uitle of Income Project 16.700 years 2070 years 15700 7 years 8240 400 273 200 281 300 21 Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Iggy Company uses the straight-line method of depreciation. Click here to view PV table. (a) Determine the internal rate of return for each project. (Round answers 0 decimal places, e.g. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) temal Rate of If Iggy Company's required rate of return is 11%, which projects are acceptable? The following proj e ctable Question Anempts: Unlimited SAVE LATER BURMIT ANSWER CALCULATUR MESSAUL M INSINUCIUN STANDARD VIEW PRINIER VERSION DAUN NEAT #2 Exercise 12-7 (Video) Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. leo) Project 22A 23A 24A Investment $240,400 273,200 281,300 Annual Life of Income Project $16,700 6 years 20,740 9 years 15,700 7 years Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Iggy Company uses the straight-line method of depreciation. Click here to view PV table. (a)