Periods Present Value of an Annuity of 1 8% 9% 10% .926 .917 .909 1.783 1.759 1.736 2.577 2.531 2.487 1 2 3 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $101116 and is expected to generate cash inflows of $40000 each year for three years. The approximate internal rate of return on this project is less than the required 8%. 8%. 10% 9%