ley Company is considering three capital expenditure projects. Relevant data for the projects are as follows Project 22A 23A 24A Investment 5243.000 271.500 280.000 Annual Income $17.130 20,700 15.700 Life of Project 6 years years 7 years Anus income is constant over the life of the project. Each project is expected to have pero salvage value at the end of the project. Icy Company uses the stricht-line method of depreciation Click here to view the cortable (a) Determine the internal rate of return for each project (Round answers o decimal places, s. 13. For calculation purposes, use 5 decimal places os displayed in the focter table provided) Project Internal Rate of 22A * 23A 241 003 ity Companys required rate of retum 8 11% which projects are acceptable The following projects are acceptable