Novak Company is considering two capital investment proposals, Estimates regarding each project are provided below: Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value Project Soup $400000 58000 134000 5 years 0 Project Nuts $600000 74000 167000 6 years 0 The company requires a 10% rate of return on all new investments. Periods Present Value of an Annuity of 1 9% 10% 11% 12% 3.890 3.791 3.696 3.605 4,486 4.355 4.231 4.111 5 6 The annual rate of return for Project Soup is The company requires a 10% rate of return on all new investments. Periods 5 Present Value of an Annuity of 1 9% 10% 11% 12% 3.890 3.791 3.696 3.605 4.486 4.355 4.231 4.111 5 6 The annual rate of return for Project Soup is KD 67.0%. 14.5%. 29.0%. 33.5%. Att