Present Value of an Annuity of 1 9% 10% Periods 8% 1 2 926 .917 .909 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 $83523 and is expected to generate cash inflows of $33000 each year for three years. Using the factor table above, the approximate internal rate of return on this project is 10% O less than the required 8%. 8% 0.9%