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Summer Company is considering three capital expenditure projects. Relevant data for the projects are as follows: Project Investment Annual Income Life of Project 22A

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Summer Company is considering three capital expenditure projects. Relevant data for the projects are as follows: Project Investment Annual Income Life of Project 22A $240,000 $16,700 6 years 23A 270,000 20,600 9 years 24A 280,000 17,500 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. Summer Company uses the straight-line method of depreciation.

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