Oriole Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $278000 $592000 Annual net income 26600 44200 Net annual cash inflow 90500 164000 Estimated useful life 4 years 5 years Salvage value 0 0 The company requires a 11% rate of return on all new investments. Present Value of an Annuity of 1 Periods 10% 11% 12% 13% 4 3.170 3.102 3.037 2.974 5 3.791 3.696 3.605 3.517 The internal rate of return for Project Nuts is approximately O 10% O 11%. O 12%. O 13% WhatsApp Image....jpeg WhatsApp Image....jpeg