Below is a table for the present value of $1 at Compound interest. Year

Year 6% 10% 12%

1 . .943 .909 .893

2. .890 .826 .797

3. .840 .751 .712

4. .792 .683 .636

5. .747 .621 .567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12%

1 .943 .909 .893

2 1.833 1.736 1.690

3 2.673 2.487 2.402

4 3.465 3.170 3.037

5 4.212 3.791 3.605 Using the tables above, what would be the internal rate of return of an investment of $168,140 and would generate an annual cash inflow of $70,000 for the next 3 years? a. 10% b. 12% c. cannot be determined from the data given. d. 6%