TamariskCompany is considering two capital investment proposals. Estimates regarding each project are provided below. Project Sour Project Nuts Initial investment $480000 $680000 Annual net income 44000 46000 144000 165000 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% 1026 11% 12% S 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The company requires a 10% rate of return on all new investments. Present Value of an Annuity Periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The internal rate of return for Project Nuts is approximately 10% O 11% 0.9% O 12%