A company is considering an iron ore extraction project that requires an initial investment of $1,300,000 and will yield annual cash flows of $789,314 for two years. The company's discount rate is 9%. Calculate IRR Present value of ordinary annuity of $1: 10% 0.909 1.736 2.487 3.170 12% 0.893 1.690 2.402 3.037 14% 0.877 1.647 2.322 2.914 15% 0.870 1.626 2.283 2.855 16% 0.862 1.605 2.246 2.798 1890 0.847 1.566 2.174 2.690 20% 0.833 1.528 2.106 2.589 2 4 A. 14% O B. 16% C. 12% OD, 13%