Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual Life of Income Project Project Investment $15,500 6 years $240,000 22A 20,600 9 years 23A 270,000 15,700 7 years 24A 280,000 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. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal Rate of Project Return 22A % 23A % 24A (b) If Iggy Company's required rate of reti cts are acceptable? 22A The following project(s) are acceptable v 22A, 23A and 24A 22A and 23A 23A Open Show Work Click if you would like to Show Wo 22A and 24A 23A and 24A 24A LINK TO TEXT VIDEO: SIMILAR EXERCISE