Windsor Inc. is comparing several alternative capital budgeting projects as shown below: Projects Initial investment Present value of net cash flows A $72000 82000 $112000 102000 $152000 192000 Using the profitability index, the projects rank as OC, A, B. A,C,B. A, B, C. O C, B, A. Click if you would like to Show Work for this question: Open Show Work Sheffield, Inc. is considering purchasing equipment costing $62000 with a 6-year useful life. The equipment will provide annual cost savings of $15081 and will be depreciated straight-line over its useful life with no salvage value. Sheffield requires a 10% rate of return. Period 6 8% 4.623 Present Value of an Annuity of 1 9% 10% 11% 12% 4.486 4.355 4.231 4.111 15% 3.784 What is the approximate internal rate of return for this investment? 09% O 12% 11% 10%