Home Canvas Quiz #8: Life Bala... Periods 1 2 Present Value of an Annuity of 1 8% 9% 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577 2.531 2.487 3 If you cannot see the image of the table above, make sure you are using Chrome or Firefox for your browser before starting! Question 24 3 pts Using the rate table provided above, answer the following question: A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $379,650 and is expected to generate cash inflows of $150,000 each year for three years. The approximate internal rate of return on this project is The IRR on this project cannot be approximated 9% O 10% O 8% Previous Next >