Tamarisk Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Nuts Project Soup Initial investment $400000 $600000 Annual net income 40000 56000 116000 142000 Net annual cash inflow Estimated useful life 5 years 6 years Salvage value 0 0 The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The annual rate of return for Project Soup is 20%. 29.0%. 10.0%. 58%