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 Question 20 The discount rate that will result in the lowest net present value for a project is the lowest rate used to evaluate the project. any rate lower than the cost of capital. the highest rate used to evaluate the project. any rate higher than the cost of capital