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Exercise 24-7 Ueker Company is considering three capital expenditure projects. Relevant data for the projects are as follows. roject Investment 22A 23A 24 $244,640

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Exercise 24-7 Ueker Company is considering three capital expenditure projects. Relevant data for the projects are as follows. roject Investment 22A 23A 24 $244,640 273,590 280,400 Income $17,190 20,770 18,470 Life of Project 6 years 9 years 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. Ueker Company uses the straight-line method of depreciation. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) our answer is incorrect. Try again. Determine the internal rate of return for each project. (Round answers O decimal places, e.g. 10.) roject 22A ternal Ra Return 11

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