Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project Investment $243,300 22A 23A 24A 274.200 280,500 Annual Income $16,860 20,730 15,700 Life of Project 6 years 9 years 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 the factor table.

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. Iscy Compary uses the straight-line method of deprecation Click here to view the factor table. Determine the internal rate of return for each project (Round anwers o decimal places, es. 13k For caiculation purposes use 5 decimal ploces as disployed in the foctor table provided.) (b) If Iecy Company's required rate of return is 11 sk which projects are acceptable? The followirs project(s) are acceptable