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Park Co. is considering an investment that requires immediate payment of $31,000 and provides expected...

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Accounting

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Park Co. is considering an investment that requires immediate payment of $31,000 and provides expected cash inflows of $8,654 annually for five years. Assume Park Co. requires a 10% return on its investments. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) 1-a. What is the internal rate of return? (Round your present value factor to 4 decimals and your internal rate of return to 2 decimals.) 1-b.Based on its internal rate of return, should Park Co. make the investment? Yes No

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