Subject: acounting Current Attempt in ProgressIggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows.Project Investment22A23A24A(a)ProjectAnnualIncome$244,900 $17,00020,650Annual 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 the factor table.22A(b)23A273,30024A284,900Determine 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.)15,700Internal Rate ofReturn%The following project(s) are acceptableLife ofProject6 years9 years7 years%%If Iggy Company's required rate of return is 11%, which projects are acceptable?

We will have to calculate the IRR for each project in the given case. IRR is the minimum acceptable…

Current Attempt in Progress Iggy Company is considering three capital expenditure projects. Relevant data for the projects are as follows. Annual Project Investment Income 22A $244,900 $17,000 273,300 284,900 20,650 15,700 23A (a) 24A Click here to view the factor table. 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. Project Determine the internal rate of return for each project. (Round answers O decimal places, eg. 13%. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) 22A 23A (b) 24A Internal Rate of Return % The following project(s) are acceptable Life of Project % 6 years 9 years 7 years % If Iggy Company's required rate of return is 11%, which projects are acceptable?