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Sheridan Company is considering two capital expenditures. Relevant data for the projects are as follows: Sheridan Company uses the straight-line method to depreciate its assets.

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Sheridan Company is considering two capital expenditures. Relevant data for the projects are as follows: Sheridan Company uses the straight-line method to depreciate its assets. Calculate the internal rate of return for each project. (For calculation purposes, use 5 decimal ploces as disployed in the fuctor tablic provided, eg. 1.25125. Round answers to O decimal places, es. 15\%J Click here to view the factor table. Determine whether the projects are acceptable if the required rate of return is 10%

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