Exercise 24-7 Your answer is partially correct. Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual Life of Project Investment Income Project $244,900 $17,000 6 years 273,300 20,650 9 years 284,900 15,700 7 years 22A 23A 24A stion with available attempts Annua' income is constant over ne 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 Determine the internal rate of return for each project. (Round answers 0 decimal places, e.g. 10. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal Rate of Returrn Project 22A 23A 10 24A 10 If Iggy Company's required rate of retum is 11%, which projects are acceptable? The following project(s) are acceptable 22A and 23A Click if you would like to Show Work for this question: Open Show Work