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A company is considering an iron ore extraction project that requires an initial investment of...

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Accounting

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A company is considering an iron ore extraction project that requires an initial investment of $1,100,000 and will yield annual cash inflows of $676,507 for two years. The company's discount rate is 9% Calculate IRR. Present value of ordinary annuity of $1: 10% 12% 14% 15% 16% 18% 20% 1 0.909 0.893 0.870 0.862 0.847 2 1.736 1.690 1.647 1.626 1.605 1.566 1.528 3 2.487 2.402 2.322 2.283 2.246 2.174 2.106 4 3.170 3.037 2.914 2.855 2.798 2.690 2.589 0.877 0.833 OA. 14% OB. 15% O C. 17% OD. 13%

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