TamariskCompany is considering two capital investment proposals. Estimates regarding each project are prduided below: Project Nuts Project Sour $480000 44000 144000 $680000 46000 165000 Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value 5 years 0 6 years 0 The company requires a 10% rate of return on all new investments Periods 5 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 6 The internal rate of return for Project Nuts is approacimately O 12% 11% 0.99 10%