Use the following table, Penod 1 2 3 Present Veze of in Annuity of 1 3 9% 10% 926 917 909 1.783 1.759 1736 2.577 2.531 2487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $379650 and is expected to generate cash inflows of $150,000 each year for three years. The approximate internal rate of retum on this project is OBX D9% 10% O The IRR on this project cannot be approximated