Present Value of an Annuity of 1 Period 8% 9% 10%...

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Present Value of an Annuity of 1 Period 8% 9% 10% 1 0.926 0.917 0.909 2 1.783 1.759 1.736 3 2.577 2.531 2.487 A company has a minimum required rate of return of 8%. It is considering investing in a project that costs $318906 and is expected to generate cash inflows of $126000 each year for three years. The approximate internal rate of return on this project is 8% 10% the IRR on this project cannot be approximated 9%

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