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Please answer ASAP! Thanks! Required information [The following information applies to the questions displayed below.] Park Co. is considering an investment that requires immediate payment
Please answer ASAP! Thanks!
Required information [The following information applies to the questions displayed below.] Park Co. is considering an investment that requires immediate payment of $30,485 and provides expected cash inflows of $9,000 annually for four years. Assume Park Co. requires a 6% return on its investments. a. What is the internal rate of return? ( PV of $1,FV of $1, PVA of $1, and (Use appropriate factor(s) from the ables provided. Round your present value factor to 4 decimals.) -b. Based on its internal rate of return, should Park Co. make the investment? Complete this question by entering your answers in the tabs below. What is the internal rate of returnStep by Step Solution
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