Multiple Choice Question 115 WildhorseCompany is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial Investment $400000 $600000 Annual net income 44000 60000 Net annual cash inflow 120000 149000 Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The annual rate of return for Project Soup is 30.0%. 22%. 60%. 11.0%