QUESTION 17 A company is considering an iron ore extraction project that requires an initial investment of $1.000.000 and will yield annual cash inflows of $357,398 for four years. The company's discount rate is 14%. Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 15% 16% 18% 20% 1 0.909 0.893 0.877 0.870 0.862 0.847 0.833 2 1.736 1.690 1.647 1.626 1.6051.566 1.528 3 2.487 2.402 2.322 2.283 2.246 2.174 2.106 4 3.170 3.037 2.914 2.855 2.798 2.690 2.589 17% 15% 16% 18% 111 inners to save all answers