Requlred Informatlon Use the following information for the Quick Study below. Th

Question

Requlred Informatlon 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 $30,490 and provides expected cash inflows of $8,800 annually for four years. Park Co. requires a 5% return on its investments. QS 11-3 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 declmals.)

Explanation / Answer

Present value factor 3.4648 =30490/8800 Internal rate of return 6%

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