Question Completion Status QUESTION 3 Deric Glice, the CFO of Avont-Omani Company, has identified three capital expenditure projects that have been placed on the capital budgeting commitee's agenda for evaluation Project specific infornation for each project is below LIFE OF ANNUAL INCOME PROJECT PROJECT RLC JJC SLC $480,000 540,000 560,000 $30,000 48,800 42,000 8 years 9 years 7 years The annual income is constant over the life of the project. Noither project has a salvage value when it ends. Avont-Omani uses straight-line depreciation REQIRED: MUST SHOW ALL COMPUTATIONS TO RECEIVE CREDIT Based on the intemal rate of retun computations, which project is acceptable id the required rate of retun is 10%? Discuss Save All An 5 6 7 8