Cullumber company is considering two capital investment proposals. estimates regarding each project are provided below: project soup project nuts initial investment $4 $6 annual net income 1 26000 net annual cash inflow 88000 111000 estimated useful life 5 years 6 years salvage value 0 0 the company requires a 10% rate of return on all new investments. present value of an annuity of 1 periods 9% 10% 11% 12% 5 3.89 3.791 3.696 3.605 6 4.486 4.355 4.231 4.111 the annual rate of return for project soup is