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 $30,485 and provides expected cash inflows of $9,000 annually for four years. If Park Co. requires a 6% return on its investments.

QS 25-3 Internal rate of return LO P4

1-a. What is the internal rate of return? (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.)

Present value factor nternal rate of return