QS $11-23($Algo$)$ Internal rate of return LO P$4$

$8$

points

Perez Company is considering an investment of $$29,160$ that provides net cash flows of $$9,200$ 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)$

Note: Use appropriate factor$($s$)$ from the tables provided. Round your present value factor to $4$ decimals.

$($b$)$ The hurdle rate is $8\%.$ Should the company invest in this project on the basis of internal rate of return?

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References

What is the internal rate of return of this investment?

$\backslash$table$[[$Present value factor,$],[$Internal rate of return,$]]$