I need help to compute rate of return from the table below:

Project Net Investment Cost (US$, in millions) Proposed Location Estimated IRR Type of Project

1 $500 Europe 26.30% Existing product, new market

2 $400 USA 13.50% New product, new market

3 $650 Asia 8.60% Expand existing product in existing market

4 $1,500 Asia 23.40% New product, existing market

5 $350 USA 24.60% Replace Equipment

6 $750 Europe 10.20% Expand existing product in existing market

7 $250 Asia 26.70% Existing product, new market

8 $325 Asia 18.80% New product, existing market

GCS has a total budget allocation of US $4.2 billion

Type of Project Degree of Risk

Routine replacement of equipment Minimal

Cost reduction Low

Expand existing products in existing markets Moderate

Add new products in existing markets Moderate-High

Expand existing products in new markets Moderate-High

Add new products in new markets High