$14$

An investment costs $$120,000,$ returns dividends of $$15,000$ per year at the end of each of $5$ years, and then is sold for $$110,000$ with an equity cost of capital at $8$ percent. $($Use negative numbers for initial cost representing a cash outlay.$)$

Required:

Answer the following questions based on the details provided.

$\backslash$table$[[$Question$,$Answer,$],[$a$.$ What is the net present value $($NPV$)$ of this investment?,,$],[$b$.$ What is the internal rate of return $($IRR$)$ of this investment?,,$],[$Note: Round your answer to $2$ decimal places.,,$],[$c$.$ If you have an available $$120,000$ to invest, would it make sense to$,,],[$make this investment?,,$]]$