10. A company is considering a 5-year project. It plans to invest $62,000 now and it forecasts cash flows for each year of $16,200. The company requires a hurdle rate of 12%. Calculate the internal rate of return to determine whether it should accept this project. Selected factors for a present value of an annuity of 1 for five years are shown below: Present value of an annuity of 1 factor Interest rate 10% 12% 14% Answer: 3.7908 3.6048 3.4331