- 75.72 View Policies Current Attempt in Progress Use the following table Period 1 2 3 Present Value of an Annuity of 1 8% 99 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2531 2.487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $298658 and is expected to generate cash inflows of $118000 each year for three years. The approximate internal rate of return on this project is the IRR on this project cannot be approximated O9X 10% O 8%