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19, A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $91,116 and is expected

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19, A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $91,116 and is expected to generate cash inflows of $36,000 each year for three years. The approximate internal rate of return on this project is Present Value of an Annuity of 1 10% .909 1.759 1.736 2.531 2.487 Periods 3% .926 1.783 2.577 9% .917 A) B) C) D) 8%. 9%. 1000. less than the required 8%

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