Project Soup Project Nuts Initial investment $280000 $593000 Annual net income 26400 44000 Net annual cash inflow 89000 132000 Estimated useful life 5 years 6 years 0 Salvage value The company requires a 8% rate of return on all new investments. Present Value of an Annuity of 1 Periods 7% 8% 9% 10% 5 4.100 3.993 3.890 3.791 6 4.767 4.623 4.486 4.355 The internal rate of return for Project Nuts is approximately 8% 9%. O 10% O 7%