Question: 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

 Use the following information for the Quick Study below. The following

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 $27,000 and provides expected cash inflows of $9,000 annually for four years. Park Co. requires a 10% 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. S1. PVA of $1, and EVA of S1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) Present value factor Internal rate of return Between 1 and 2% Between 2% and 3% Between 3% and 4% Between 4% and 5%

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