Present Value of an Annuity of 1 Periods 8% 9% 10% 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 $85116 and is expected to generate cash inflows of $34000 each year for three years. The approximate internal rate of return on this project is less than the required 8%. 9%. O 11%. O 10%