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Top number is wrong, I don't know how to get the right answer. Required information Use the following information for the Quick Study below. [The
Top number is wrong, I don't know how to get the right answer.
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 $27,215 and provides expected cash inflows of $8,400 annually for four years. If Park Co. requires a 8% return on its investments. QS 25-3 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.) Present value factor Internal rate of return 0.7350 9% 1-b. Based on its internal rate of return, should Park Co. make the investment? Yes NoStep by Step Solution
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