Current Attempt in Progress Your answer is incorrect Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project Investment Annual Income $16,890 Life of Project 22A $242,400 6 years 23A 272,600 20,610 9 years 24A 284,500 15,700 7 years Annual income is constant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Company uses the straight-line method of depreciation Click here to view the factor table. (a) Determine the internal rate of return for each project. (Round answers O decimal places, eg. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Internal Rate of Return % 22A Annual income is constant over the life of the project. Each project is expected to Company uses the straight-line method of depreciation. Click here to view the factor table. (a) Determine the internal rate of return for each project. (Round answers 0 decimal p places as displayed in the factor table provided.) Project Internal Rate of Return 22A % 23A de % 24A % (b) If Iggy Company's required rate of return is 11%, which projects are acceptable? The following project(s) are acceptable 23A