Present Value of an Annuity of 1 Periods BX 9% 10% 1 926 917 909 2 1783 1.759 1.736 3 2.577 2531 2487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $96178 and is expected to generate cash inflows of $38000 each year for three years. The approximate internal rate of return on this project is 09% 18% 10% less than the required 8% than