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# Summer Company is considering three capital expenditure projects.

### Resolved Question:

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

Project Investment Annual Income LIfe of Project

22A \$240,000 \$15,000 6 years

23A 270,000 24,400 9 years

24A 280,000 21,000 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. Summer Company uses the straight-line method of depreciation.

Instructions

(a) Determine the internal rate of return for each project. Round the internal rate of return factor to three decimals.

(b) If Summer Company's required rate of return is 11%, which projects are acceptable?

Submitted: 7 years ago.
Category: Homework
Expert:  Neo replied 7 years ago.

Good day!

Do you want an excel computation for this problem? Or long hand method?

Thank you.

Customer: replied 7 years ago.
Yes, I want an excel computation for this problem. And a long hand method.
Customer: replied 7 years ago.
Yes, I want an excel computation for this problem and a long hand method.
Customer: replied 7 years ago.

Yes, I want an excel computation for this problem and a long hand method!

Expert:  Neo replied 7 years ago.
THIS ANSWER IS LOCKED!

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Neo, Tutor
Category: Homework
Satisfied Customers: 12101
Experience: BS Accounting
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