Use the following table: Present Value of an Annuity of 1 Period 8% 9% 10% 1 .926 917 909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 89 considering investing in a project tha costs $111,915 and is expected to generate cash inflows of $45,000 each year for three years. The approximate internal rate of return on this project is less than the required 8%. 8% 10% 9%