Perez Company is considering an investment of $$28,115$ that provides net cash flows of $$8,300$ annually for four years.

$($a$)$ What is the internal rate of return of this investment? $($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.$)$

$($b$)$ The hurdle rate is $6\%.$ Should the company invest in this project on the basis of internal rate of return?