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Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual Life of Project Investment Income Project $242,800 $16,840

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Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual Life of Project Investment Income Project $242,800 $16,840 6 years 275,00020,680 9 years 282,00015,700 7 years 22A 23A 24A Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end Click here to view PV table. Determine the internal rate of return for each project. (Round answers 0 decimal places, e.g. 10. For calculation Project 22A Internal Rate of Return 9/% 23A 24A If Iggy Company's required rate of return is 11%, which projects are acceptable? The following project(s) are acceptable

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