CES Multiple Choice Question 112 Sunland Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Sour Project Nuts Initial investment $440000 $612000 Annual net income 30000 46000 Net annual cash inflow 110000 146000 Estimated useful life 5 years 6 years Salvage value The company requires a 10% rate of return on all new investments. Periods Present Value of an Annuity of 1 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4.486 4.355 4.231 4.111 The cash payback period for Project Nuts is 4.19 years. 5.So years. 14.67 years. 6.44 years