Question
(PLEASE FILL THE CHART FOR BOTH) 3) [The following information applies to the questions displayed below.] Park Co. is considering an investment that requires immediate
(PLEASE FILL THE CHART FOR BOTH)
3)
[The following information applies to the questions displayed below.] Park Co. is considering an investment that requires immediate payment of $26,120 and provides expected cash inflows of $8,600 annually for four years. If Park Co. requires a 10% return on its investments.
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.)
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