QS 11-23 (Algo) Internal rate of return LO P4 Perez Company is considering an investment of $22,355 that provides net cash flows of $6,600 annually for four years (a) What is the internal rate of return of this investment? (PV of $1. FV of $1. PVA of S1, 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 6%. Should the company invest in this project on the basis of internal rate of return? Answer is complete but not entirely correct. 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? Present value factor Internal rate of return 3.3871 83%