Instructions (Round to two decimals.) (a) Calculate: (1) the annual rate of return, and (2) the cash payback period on the proposed capital expenditure. (b) Using the discounted cash flow technique, calculate the net present value. E23-10 Calibrachoa Corp. is considering three capital expenditure projects. Relevant data for the projects are as Determine internal rate of follows: return. (104) AP Project Investment Annual Income Life of Project $240,000 $13,300 6 years 270,000 19,000 9 years 288,000 18,400 8 years Annual income is constant over the life of the project. Each project is expected to have vero residual value. Calibrachoa Corpses the straight-line method of depreciation. Instructions (a) Determine the internal rate of return for each project. Round the internal rate of return factor to three decimals. (b) If Calibrachoa Corp's minimum required rate of return is 10%, which projects are acceptable? 22 24 Problems: Set A P23-1A JP Sports Inc, manufactures footballs for the Canadian Football League. For the first six months of Prepare incremental analysis 2017, the company reported the following operating results while operating at 90% of plant capacity: for special order