Perez Company is considering an investment of $26,120 that provides net cash flows of $8,600 annually for four years. (a) What is the internal rate of return of this investment? (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.) (b) The hurdle rate is 10%. Should the company invest in this project on the basis of internal rate of return?

What is the internal rate of return of this investment?

Present value factor
Internal rate of return		%