Use the following table, Period Present Value of an Annuity of 1 8% 9% 10% 0.926 0.917 0.909 1.783 1.759 1.736 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 $313844 and is expected to generate cash inflows of $124000 each year for three years. The approximate internal rate of return on this project is O 9%. O the IRR on this project cannot be approximated. O 8%. O 10%