Present Value of an Annuity of 1 9% Periods 8% 10% .926 .917 .909 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 $109116 and is expected to generate cash inflows of $44000 each year for three years. The approximate internal rate of return on this project is 9%. 11%. 10%. less than the required 8%. Use the following table, Present Value of an Annuity of 1 Period 8% 9% 10% 0.926 0.917 0.909 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 $308782 and is expected to generate cash inflows of $122000 each year for three years. The approximate internal rate of return on this project is 10%. 9%. 8%. the IRR on this project cannot be approximated