Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Park Co. is considering an investment that requires immediate payment of $28,115 and provides expected cash inflows of $8,300 annually for four years. Assume Park Co. requires a 6% return on its investments. QS 24-3 Internal rate of return LO P4 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? Complete this question by entering your answers in the tabs below. Required 1A Required 18 What is the internal rate of return? % Required 18