Required information The following information applies to the questions displayed below) Park Co. is considering an investment that requires immediate payment of $29,480 and provides expected cash inflows of $9,100 annually for four years. Assume Park Co. requires a 8% return on its investments 1-a. What is the internal rate of return? (PV of $1. FV of $1. PVA of S1, and EVA of $1) (Use appropriate factor(s) from the tobles provided. Round your present value factor to 4 decimals.) 1-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. Required 1A Required 1B What is the internal rate of return? Tercer reports the following for one of its products. Direct materials standard (3 lbs. @ $2 per lb.) Actual direct materials used (AQ) Actual finished units produced Actual cost of direct materials used $ 6 per finished unit 310,000 lbs. 70,000 units $527,000 AQ - Actual Quantity SQ = Standard Quantity AP - Actual Price SP Standard Price Compute the direct materials price and quantity variances and classify each as favorable, unfavorable or no variance Actual Cost Standard Cost 0 s 0 0 $ en 0 0