a company is considering an iron ore extraction project that requires an initial investment of​ $1,200,000 and will yield annual cash inflows of​ $534,283 for three 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 0.877 0.870 0.862 0.847 0.833 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 question content area bottom part 1 a. ​15% b. ​16% c. ​14% d. ​18%