# Accounting | Accounting homework help

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

 Project Investment Annual Income Life of Project 22A \$242,640 \$16,990 6 years 23A 271,590 21,000 9 years 24A 284,460 17,690 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. Ueker Company uses the straight-line method of depreciation.

(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 0 decimal places, e.g. 10.)

 Project Internal Rate of Return 22A _____% 23A _____% 24A _____%

## Annual Income:

A company earning the income for the financial year is known as annual income. The calculation of annual income is through the formula Bonuses+ Commission received + Overtime amount for the fiscal year.

Get FREE Essay Price Quote
Pages (550 words)
Approximate price: -