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$[$The following information applies to the questions displayed below.$]$ $$9,400$ annually for four years. Assume Park Co$.$ requires a $7\%$ 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.$)$

$1-$b$.$ Based on its internal rate of return, should Park Co$.$ make the investment?

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Required $1$ A

Required $1B$

What is the internal rate of return?