A company is considering an iron ore extraction project that requires an initial investment of $1,100,000 and will yield annual cash inflows of $676,507 for two 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 1626 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 ORI O A. 17% OB. 13% 4 O C. 14% OD. 15% Odeletta Corporation is considering an investment of $508,000 in a land development project. The investment will yield cash inflows of $200.000 per year for five years. The company uses a discount rate of 9% What is the net present value of the investment? Present value of an ordinary annuity of $1: 8% 9% 10% 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 4 3.312 3.24 3.17 5 3.993 3.89 3.791 O A. $270,000 O B. $335 280 OC. $200,000 D. $233.680