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Business, 12.08.2020 08:01 chrisraptorofficial

Park Co. is considering an investment that requires immediate payment of $28,245 and provides expected cash inflows of $9,300 annually for four years. Assume Park Co. requires a 7% return on its investments. Required:
a. What is the internal rate of return?
b. Based on its internal rate of return, should Park Co. make the investment?

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