Question: Use the following table. Period 1 2 3 Present Value of an Annuity of 1 8% 9% 10% 0.926 0.917 0.909 1.783 1.759 1.736 2.577

Use the following table. Period 1 2 3 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 $349278 and is expected to generate cash inflows of $138000 each year for three years. The approximate internal rate of return on this project is 996 O 10% 896. o the IRR on this project cannot be approximated

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