Current Attempt in Progress Present Value of an Annuity of 1 Periods 8% 9% 10% 1 .926 .917 .909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $70868 and is expected to generate cash inflows of $28000 each year for three years. Using the factor table above, the approximate internal rate of return on this project is 9%. 10%. less than the required 8%. 8%