Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project Investment $244,500 22A 23A 24A (a) Project 274,400 22A 282,900 Click here to view the factor table. 23A Annual Income $17,490 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. 24A 20,770 15.700 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.) Internal Rate of Return % do % Life of Project de 6 years 9 years 7 years %

Iggy Company is considering three capital expenditure projects, Relevant data for the projects are as follows. 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. Ig8 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, es. 13%. For calculation purposes, use 5 decimal ploces as disployed in the foctor table provided)