Question 6 of 28 - 14 View Policies Current Attempt in Progress Blue Spruce Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Nuts Project Sour $350000 Initial investment $468000 30000 46000 Annual net income Net annual cash inflow 110000 146000 Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The cash payback period for Project Nuts is 3.21 years. 6.32 years. O 11.67 years. O 4.38 years