Splish Brothers Company is considering two capital investment proposals. Estimates regarding each project are provided below: INT Project Nuts Project SOUR $640000 60000 Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value $840000 46000 204000 192000 5 years O 6 years 0 The company requires a 10% rate of return on all new investments, Periods 5 6 Present Value of an Annuity of 1 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 The internal rate of return for Project Nuts is approximately The internal rate of return for Project Nuts is approximately O 12%. O 10%. O 9%. 0 11%