1 Glossimer Thread Company is evaluating an investment that will cost $755,000 and will yield cash inflows of $240,000 in the first year, $3 the internal rate of return. Present value of $1: 8% 9% 10% 11% 12% 0.926 0.917 0.909 0.901 0.893 2 0.857 0.842 0.826 0.812 0.797 3 0.794 0.772 0.751 0.731 0.712 4 0.735 0.708 0.683 0.659 0.636 5 0.681 0.650 0.621 0.593 0.567 The IRR of the project will be O A. more than 11% O B. less than 10% O c. less than 11%, more than 10% OD. between 11% and 11% nvestment that will cost $755,000 and will yield cash inflows of $240,000 in the first year, $340,000 in the second year, and $370,000 in the third and the final 11% 0.901 0.812 0.731 0.659 0.593 12% 0.893 0.797 0.712 0.636 0.567 d will yield cash inflows of $240,000 in the first year, $340,000 in the second year, and $370,000 in the third and the final year. Use the table below and determine 1 Glossimer Thread Company is evaluating an investment that will cost $755,000 and will yield cash inflows of $240,000 in the first the internal rate of return. Present value of $1: 8% 9% 10% 11% 12% 0.926 0.917 0.909 0.901 0.893 2 0.857 0.842 0.826 0.812 0.797 3 0.794 0.772 0.751 0.731 0.712 4 0.735 0.708 0.683 0.659 0.636 5 0.681 0.650 0.621 0.593 0.567 The IRR of the project will be A. more than 11% B. less than 10% C. less than 11%, more than 10% OD. between 11% and 11%