25- Practice Problem Set - Week 3 General: A company mentioned the below following question and choices for you. Use your accounting knowledge to pick the best result as part of this hypothetical interview process. There will only be one correct answer. Choose the best one and report back to your team. Singh, Inc. is planning to invest $120,000 in a ten-year project. Singh estimates that the annual cash inflow, net of income taxes, from this project will be $22,000. Singh's required rate of return on investments of this type 10%. Information on present value factors is as follows: At 10%, Present value of $1 for ten periods 0.386; Present value of an annuity of $1 for ten periods = 6.145. At 12%, Present value of $1 for ten periods = 0.322; Present value of an annuity of $1 for ten periods = 5.650. Singh's internal rate of return on htis investment is A. Less than 10%, but more than 0%. B. 10%. C. Less than 12%, but more than 10%. D. 12%. E. Greater than 12%.