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73. Present Value of an Annuity of 1 Periods 8% 9% 10% 1 .926 917 .909 2 1.783 1.759 1.736) 3 2.577 2.531 2.487 A

image text in transcribed 73. Present Value of an Annuity of 1 Periods 8% 9% 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% and is considering investing in a project that costs $67,145 and is expected to generate cash inflows of $27,000 each year for three years. The approximate internal rate of return on this project is a) 8%. b) 10%. c) 9%. d) less than the required 8%

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