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Required information [The following information applies to the questions displayed below) Park Co. is considering an investment that requires immediate payment of $20,957 and provides

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Required information [The following information applies to the questions displayed below) Park Co. is considering an investment that requires immediate payment of $20,957 and provides expected cash inflows of $6.900 annually for four years, Assume Park Co. requires a 9% 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 volue foctor to 4 decim 1-b. Based on its internal rate of return, should Park Co make the investment? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required 18 I What is the internal rate of return? Present value factor internal rate of return 1.397 0000 $ 12% Ringuted 1 Required 18 > na Sul Type here to search O

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