TB MC Qu. 24-115 Tressor Company is considering... Tressor Company is considering a 5-year project. The company plans to invest $90,000 now and it forecasts cash flows for each year of $27,000. The company requires that investments yield a discount rate of at least 14%. Selected factors for a present value of an annuity of $1 for five years are shown below: Interest rate 10% 128 148 Present value of an annuity of $1 factor for year 5 3.7908 3.6048 3.4331 Calculate the internal rate of return to determine whether it should accept this project. Multiple Choice The project should be accepted because it will earn more than 14%