Your answer is incorrect.

Sheridan Compary is considering three capital eependiture projects Relevant data for the projects are as follows.

$\backslash$table$[[$Project$,$livestment,$\backslash$table$[[$Annuat$],[$Income$]],\backslash$table$[[$Life of$],[$Project$]]],[22$ A$,$$$242,200,$$$16,890,5$ years$],[23$ A$,271\mathrm{.}500,20\mathrm{.}710,9$ years$],[24$ A$,283\mathrm{.}000,15,700,7$ years$]]$

Anrual income is corstant over the life of the project. Each project is expected to have zero salvage value at the end of the project. Sheridin Compary unes the stralith$-$line method of depreciation.

Clokheretovitw PV Lible

$($a$)$

Determine the internal rate of retum for each project. Raund ann$=$en Odecingl places, ey$.13$K$.$ For calailation purposex, use $5$ declinal places as disployed in the factor table provided!

$\backslash$table$[[$Project$,$Internal Rate of Return$],[22$ A$,*],[23$A$,*],[244,*]]$

$$

$7$ Sheridan Conpary's required rate of return is $115.$ which profects are acceptutle?

The following profect$/($l$)$ are acreptatile $$