Blossom Company is considering three capital expenditure projects. Relevant data for the projects are as...

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Accounting

Blossom Company is considering three capital expenditure projects. Relevant data for the projects are as follows.
\table[[Project,Investment,\table[[Annual],[Income]],\table[[Life of],[Project]]],[22A,$240,400,$16,700,6 years],[23 A,273,200,20,740,9 years],[24 A,281,300,15,700,7 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. Blossom Company uses the straight-line method of depreciation.
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