Multiple Choice Question 113 x Your answer is incorrect. Try again. Pharoah Company is considering two capital investment proposals. Estimates regarding each project are provided below: Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value Project Soup $370000 30000 110000 5 years Project Nuts $700000 46000 206000 6 years The company requires a 10% rate of return on all new investments. Present Value of an Annuity of 1 Periods 9% 10% 11% 12% 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 The net present value for Project Nuts is ) $116667. O $197130 O $476866. O $897130 Click if you would like to Show Work for this question: Open Show Work