Wacky Water Race $32,000 Whack - A- Mole $29,000 Investment Useful life Estimated annual net cash inflows for 6 years Residual value Depreciation method $7.784 $0 straight-line $8,719 $0 straight-line If internal rate of return is used to decide which project the decision would be? :: (Click the icon to view the present value of $1 table.) BF: (Click the icon to view the present value of annuity of $1 table.) O A. Choose Whack-A-Mole which is 5.8% higher OB. Choose Wacky Water Race which is 8% lower O C. Choose Whack-A-Mole which is 8% higher OD. Choose Whack-A-Mole which is 6% higher i Data Table 8% 10% Present Value of Annuity of $1 Periods 4% 0.962 1.886 2.775 3.630 4.452 5.242 6.002 6.733 6% 0.943 1.833 2.673 3.465 4.212 4.917 5.582 6.210 0.926 1.783 2.577 3.312 0.909 1.736 2.487 3.170 3.791 4.355 4.868 5.335 12% 0.893 1.690 2.402 3.037 3.605 3.993 4.111 4.623 5.206 4.564 4.968 5.747 0 Data Table Present Value of $1 Periods 1 2 4% 0.962 0.925 0.889 0.855 0.822 0.790 0.760 0.731 6% 0.943 0.890 0.840 0.792 0.747 0.705 0.665 0.627 8% 0.926 0.857 0.794 0.735 0.681 0.630 0.583 0.540 10% 0.909 0.826 0.751 0.683 0.621 0.564 0.513 0.467 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404