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Park Co. is considering an investment that requires immediate payment of $30,490 and provides expected cash inflows of $8,800 annually for four years. If Park

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Park Co. is considering an investment that requires immediate payment of $30,490 and provides expected cash inflows of $8,800 annually for four years. If Park Co. requires a 5% return on its investments. QS 25-3 Internal rate of return LO P4 1-a. What is the internal rate of return? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) resent value factor nternal rate of return 1-b. Based on its internal rate of return, should Park Co. make the investment? O Yes O No

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