* Your answer is incorrect. Try again. Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Project Investment 22A Annual Life of Income Project $15,500 6 years 20,600 9 years 15,700 7 years $240,000 270,000 280,000 23A 24A 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. Iggy Company uses the straight-line method of depreciation. Click here to view PV table. (a) Determine the internal rate of return for each project. (Round answers 0 decimal places, e.g. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) (a) Determine the internal rate of return for each project. (Round answers o decimal places, e.g. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Project Internal Rate of Return 22A 10.24 % X 23A 11.96 % x 24A 9.04 % (b) If Iggy Company's required rate of return is 10%, which projects are acceptable? X 23A The following project(s) are acceptable