An investment is expected to produce the following annual year$-$end cash flows:

The investment will cost $$13,000$ today.

Required:

a$.$ Will this investment be profitable?

b$.$ What will be the IRR $($compounded annually$)$ on this investment?

c$.$ Show how much of each year's cash flow is recovery of the $$13,000$ investment and how much of the

cash flow is return on investment. $($Hint: See Exhibit $3-13$ and Concept Box $3\mathrm{.}2.)$

Complete this question by entering your answers in the tabs below.

Yes

Show how much of each year's cash flow is recovery of the $$13,000$ investment and how much of the cash $i$

investment. $($Hint: See Exhibit $3-13$ and Concept Box $3\mathrm{.}2.)$

Note: Do not round intermediate calculations and round your final answers to $2$ decimal places.