Required in 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 24-3 Internal rate of return LO P4 1-a. What is the internal rate of return? (PV of $1. EV of S1.PVA of S1. and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) value factor 1-b. Based on its internal rate of return, should Park Co. make the investment? Prey of 10 Next>