Current Attempt in Progress Present Value of an Annuity of 1 Periods 9% 10% 11% 1 0.917 0.909 0.901 2 1.759 1.736 1.713 3 2.531 2.487 2.444 A company has a minimum required rate of return of 9% and is considering investing in a project that costs $67440 and is expected to generate cash inflows of $27000 each year for three years. The approximate internal rate of return on this project is O 8%. O 10%. O 9%. o less than the required 9%