Exercise 24-7 ggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Investment Income Project $242,400 $16,890 6 years 272,600 20,610 9 years 284,500 15,700 7 years 23A value at the end of the project. iggy Company uses the straight-line method of depreciation. Annual income is constant over the life of the project. Each project is expected to have zero salvage e.g. 10. For calculation purposes, use S declmal places as displayed in the factor table Determine the internal rate of returm for each project. (Round answers O decimal places, provided.) Project 22A 23A 24A Internal Rate of If Iggy Company's required rate of return is 11%, which projects are acceptable? The following project(s) are acceptable SAVE FOR LATER SUBNET ANSWER Question Attempts: 0 of 5 used