R 2 1 2 3 4 5 6 17 O points * Use the following information for questions 17-20. Carr Company is considering two capital investment proposals. Estimates regarding each project are provided below. Project Nuts Project Soup Initial investment $400,000 Annual net income 30,000 Net annual cash inflow 110,000 Estimated useful life 5 years Salvage value -0- $600,000 46,000 146,000 6 years -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 3.890 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The cash payback period for Project Nuts is 13.3 years 6.7 years 5.0 years 7 4.1 years