9% 10% ni 0.621 5 0.650 0.596 0.547 6 7 8 Present Value of an $1 7% 8% 0.713 0.681 0.666 0.630 0.623 0.583 0.582 0.540 0.544 0.500 0.508 0.463 0.564 0.513 0.467 0.424 0.502 9 0.460 10 0.422 0.386 n/ 6 Present Value of an Ordinary Annuity 7% 8% 9% 4.100 3.993 3.890 4.767 4.623 4.486 5.389 5.206 5.033 5.971 5.747 5.535 6.515 6.247 5.995 7.024 6.710 6.418 10% 3.790 4.355 4.868 5.335 5.759 7 8 9 10 6.145 Cinderella has the opportunity to invest in a project with these details: Cost of project UL Annual net cash inflows Company's minimum rate of return Company's discount rate $ 149,875 9 years $ 25,000 7% 7% The internal rate of return of this project is %6