please explain with details

Windsor 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 $320000 28000 96000 5 years Project Nuts $520000 46000 126000 6 years 0 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% 3.89 3.791 3.696 3.605 The internal rate of return for Project Nuts is approximately 10%. 12%. 11%. 9%