An asset is purchased for exist50,000. It is expected to provide an additional exist7,400 of annual net cash inflows. The asset has a 10-year life and an expected salvage value of exist6,000. The hurdle rate is 10%. The present value of an annuity factor of 10% for 10 years is 6.1446, and the present value of exist1 discounted for 10 years at 10% is 0.3855. Assume the following present value factors: Given the data provided the internal rate of return would be approximately: a. 0% b. 12% c. 8% d. 9%