Present Value of an Annuity of 1 8% 9% 10% Periods 1 .926 .917 .909 2. 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $75116 and is expected to generate cash inflows of $30000 each year for three years. The approximate internal rate of retum on this project is o less than the required 8%. O 9% O 10% O 11%