is

9%

. Calculate IRR.\ Present value of ordinary annuity of

$1

:\ \\\\table[[,

10%

,

12%

,

14%

,

15%

,

16%

,

18%

,

20%

A company is considering an iron ore extraction project that requires an initial investment of $1,500,000 and will yield annual cash inflows of $557,621 for four years. The company's discount rate is 9%. Calculate IRR. A. 16% B. 18% C. 17% D. 20%