Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows.

Project	Investment	Annual Income	Life of Project
22A	$244,600	$16,950	6 years
23A	272,100	20,600	9 years
24A	280,600	15,700	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. Iggy Company uses the straight-line method of depreciation. Click here to view PV table. (a) 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.)

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

Please also see attached screenshot