Assume you invest $1,100 today in an investment that promises to return $1,586 in exactly 10 years. a. Use the present-value technique to estimate the IRR on this investment. b. If a minimum annual return of 11% is required, would you recommend this investment? a. The IRR of the investment is \%. (Round to the nearest whole percent.) b. If a minimum retum of 11% is required, would you recommend this investment? (Select the best choice below.) A. Yes, because a minimum required return of 11% does not compensate for an investment that lasts longer than one year. B. Yes, because this investment yields more than the minimum required return of 11%. C. No, because this investment yields less than the minimum required retum of 11%. D. No, because a minimum required return of 11% is an arbitrary choice for an investment of this risk level