Sheridan Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project 22A 23A 24A Investment $242,200 271,500 283,000 Annual Income $16,890 20,710 15.700 Life of Project 6 years 9 years 7 years Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Sheridan Company uses the straight-line method of depreciation. Click here to view PV table. (a) Determine the internal rate of return for each project. (Round answers O decimal places, eg. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Internal Rate of Project Return RE UYU Project Internal Rate of Return 22A %6 23A % 24A %6 (b) if Sheridan Company's required rate of return is 11% which projects are acceptable? The following project(s) are acceptable e Textbook and Media Attempts: 0 of 3 used Suben Answer 53. for Later Sheridan Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project 22A 23A 24A Investment $242,200 271,500 283,000 Annual Income $16,890 20.710 15,700 Life of Project 6 years 9 years 7 years Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project Sheridan Company uses the straight-line method of depreciation. Click here to view PV table. (a) Determine the internal rate of return for each project. (Round answers O decimal places, eg. 13%. For calculation purposes, use 5 decima places as displayed in the factor table provided) Project Internal Rate of Return Determine the internal rate of return for each project. (Round answers decimal places, eg, 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Internal Rate of Return 22A 96 23A % 96 24A (b) if Sheridan Company's required rate of returnis 11%, which projects are acceptable? The following project(s) are acceptable e Textbook and Media