$\backslash$table$[[,$Present Value of an Annuity of $1,],[$Periods$,8\%{?}_{?},9\%{?}_{?},10\%{?}_{?},],[1,0\mathrm{.}926,0\mathrm{.}917,0\mathrm{.}909,],[2,,1\mathrm{.}783,1\mathrm{.}759,1\mathrm{.}736],[3,,2\mathrm{.}577,2\mathrm{.}531,2\mathrm{.}487]]$

A company has a minimum required rate of return of $8\%.$ It is considering investing in a project that costs $$93647$ and is expected to generate cash inflows of $$37000$ each year for three years. The approximate internal rate of return on this project is

$9\%.$

$8\%.$

$10\%.$

less than the required $8\%.$

$$ Attempts: $0$ of $1$ used