Luong Machines Company is evaluating an investment of $1.100.000 which will yield net cashme $197,062 per year for 7 years with no residual value. What is the internal rate of return? Present value of ordinary annuity of $1: 5% 6% 7% 8% 0.9520,943 0.935 0.926 21.859 1.8331 .8081 .783 2.723 2.673 2.624 2.577 3.546 3.465 3.387 3.312 4.329 4.212 4.100 3.993 6 5,0764.917 4.767 4.623 7 5.7865.582 5.389 5.206 6.463 6.21 5.971 9 7.108 6.802 6.515 6.247 107.722 7.36 7.024 6.71 5.747 A) 5% B) 6% C) 7% D) 8%