Perez Company is considering an investment of $$30,455$ that provides net cash flows of $$9,400$ 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 $7\%.$ Should the company invest in this project on the basis of internal rate of return?

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

What is the internal rate of return of this investment?

$\backslash$table$[[$Present value factor,$3\mathrm{.}2399,],[$Internal rate of return,,$\%$