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Pharoah Company is considering two capital expenditures. Relevant data for the projects are as follows: Pharoah Company uses the straight-line method to depreciate its assets.

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Pharoah Company is considering two capital expenditures. Relevant data for the projects are as follows: Pharoah Company uses the straight-line method to depreciate its assets. Calculate the internal rate of return for each project. (For calculation purposes, use 5 decimol places as displayed in the foctor table provided, es. 1.25125. Round answers to O decimal places, eg. 15\%.) Click here to view the factor table. Determine whether the projects are acceptable if the required rate of return is 7%

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