> Question 11 of 30 -/2 Blue Spruce Company is considering two capital investment proposals Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $400000 $600000 Annual net income 52000 68000 Net annual cash inflow 128000 159000 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 3.890 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The annual rate of return for Project Soup is 13.0%. O 32.0% 26.0% 64.0%