A company is considering a $$28,114$ investment that would generate annual net cash flows of $$8,300$ for four years.

a$.$ Compute the investment's internal rate of return.

b$.$ If the company has a hurdle rate of $6\%,$ should it invest in this project on the basis of internal rate of return?

Enter answers in the tabs below.

Required $A$

Compute the investment's internal rate of return.

Note: Use factor$($s$)$ from the tables provided. $($PV of $$1,$ FV of $$1,$ PVA of $$1,$ and FVA of $$1)$

$\backslash$table$[[$Present value factor,$3\mathrm{.}4651,],[$Internal rate of return,$9,\%$