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Sunland Company is considering three capital expenditure projects. Relevant data for the projects are as follows. table [ [ Project , Investment, table

Sunland Company is considering three capital expenditure projects. Relevant data for the projects are as follows.
\table[[Project,Investment,\table[[Annual],[Income]],\table[[Life of],[Project]]],[22A,$243,500,$17,320,6 years],[23A,271,400,20,600,9 years],[24A,283,000,15,700,7 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. Sunland 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 0 decimal places, e.g.13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.)
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