Sheffield Company is considering two capital investment proposals. Estimates regarding each project are provided below:...
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Sheffield Company is considering two capital investment proposals. Estimates regarding each project are provided below: Project Nuts Project Soup $500000 46000 150000 $700000 46000 170000 Initial investment Annual net income Net annual cash inflow Estimated useful life Salvage value 5 years 0 6 years 0 The company requires a 10% rate of return on all new investments Present Value of an Annuity of Periods 5 6 9% 10% 11% 12% 3.89 3.791 3.696 3.605 4486 4.355 4.231 4,111 The internal rate of return for Project Nuts is approximately O 11% O 12% 09% 10A
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