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A company is considering an iron ore extraction project that requires an initial investment of $1,400,000 and will yield annual cash inflows of $613,228 for three years. The company's discount rate is 9%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 15% 1 0.909 0.893 0.877 0.870 2 1.736 1.690 1.647 1.626 3 2.487 2.402 2.322 2.283 4 3.170 3.037 2.914 2.855 16% 0.862 1.605 2.246 2.798 18% 0.847 1.566 2.174 2.690 20% 0.833 1.528 2.106 2.589 A. 15% B. 14% C. 17% D. 13%