Exercise 24-7 Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows Annual Life of Project Investment Income Project $240,400 16,700 6 years 273,200 20,740 9 years 281,300 15,700 7 years 23A 24A 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 Determine the internal rate of return for each project. (Round answers O decimal places, e.g. 10. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal Rate of Return Project 22A 23A 24A If Iggy Company's required rate of return is 11%, which projects are acceptable? The following project(s) are accetable By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor