(Ignore income taxes in this problem.) Shields Company has gathered the following data on a proposed investment project: Investment required in equipment $410,000 Annual cash inflows $60,000 Salvage value $0 Life of the investment 16 years Discount rate 9% Click here to view Exhibit 8B-2 to determine the appropriate discount factor(s) using tables. The internal rate of return on the investment is closest to: 8% 10% 12% 14%