Current Attempt in Progress Crane Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Soup Project Nuts Initial investment $271000 $609000 Annual net income 27300 44800 Net annual cash inflow 89800 144000 Estimated useful life 5 years 6 years 0 Salvage value The company requires a 9% rate of return on all new investments. The company requires Present Value of an Annuity of 1 11% 10% 9% Periods 8% 3.791 3.696 3.890 5 3.993 4.355 4.231 4.486 6 4.623 The internal rate of return for Project Nuts is approximately O 9%. 0 8%. O 11%. O 10%