Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project 22A Investment $242,300 274,200 281.700 Annual Income $17,450 20,920 15,700 Life of Project 6 years 9 years 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 view the factor table. (a) Determine the internal rate of return for each project. (Round answers O decimal places, e.g. 13%. For calculation purposes. use 5 decimal places as displayed in the factor table provided.) Project Internal Rate of Return 22A % 23A % 24A % (b) If Iggy Company's required rate of return is 11%, which projects are acceptable? The following project(s) are acceptable