QUESTION 30 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 $62,496 and is expected to generate cash inflows of $36,000 each year for two years. The approximate internal rate of return on this project is OA 10%. OR. less than the required 8%. OC8. OD.9%