Internal Rate of Return Method The internal rate of return method is used by King Eros Construction in analyzing a capital expenditure proposal that involves an investment of $24,186 and annual net cash flows of $5,000 for each of the nine years of its useful Present Value of an Annuity of si at Compound Interest 64 10 15 0.943 0.909 0.870 2 1.833 1.736 1.690 1.528 3. 2.673 2.106 4 3.465 3.170 3.037 2.589 5 4.212 3605 3.352 6 4.355 4.111 3.784 23 2 4564 4160 6210 5.335 4.960 4487 0.002 4.031 10 7.360 5.650 5019 Determine a present value factor for an alty of st which can be used in determining the internal rate of return required, round your answer to three decimal places 16,626 1. Using the factor determined in part(a) and the present value of an antity of 51 table bove, determine the internal rate of return for the proposal 0 X Divide the amount to be invested by the use cash flow and the cost to this factor for periods