View Policies Current Attempt in Progress NovakCompany is considering two capital investment proposals. Estimates regarding each project are provided below. Project Project Nuts Soue Initial investment $660000 $860000 Annual net income 62000 46000 Net annual cash 198000 209000 Inflow Estimated useful life 5 years 6 years Salvage value 0 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% 3.791 3.696 3.605 4.486 4.355 4.231 4.111 3.89 6 The internal rate of return for Project Nuts is approximately 12% O 10%. O 119 O 9%