Perez Company is considering an investment of $27,336 that provides net cash flows of $9,000 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?

Required A

What is the internal rate of return of this investment?

Present value factor
Internal rate of return		%

Required B

The hurdle rate is 10%. Should the company invest in this project on the basis of internal rate of return?

Should the company invest in this project on the basis of internal rate of return?