1 pts IRR approximation Use the following table, Present Value of an Annuity of 1 Period 8% 99% 10% 1 .926 -917 .909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $379,650 and is expected to generate cash inflows of $150,000 each year for three years. The approximate Internal rate of return on this project is 8%. 9%. 10% 8.5% 9.5% The IRR on this project cannot be approximated. 11nts Question 49 N1 PREMIUM SOUND