(ACCT 2101 2102 CALCULATOR Question 18 Use the following table, BACK NEXT Period 9% 1 Present Value of an Annuity of 1 8% 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2.531 2.487 2 3 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $288534 and is expected to generate cash inflows of $114000 each year for three years. The approximate internal rate of return on this project is 9% 10% the IRR on this project cannot be approximated. 8%