Assume you invest $1,600 today in an investment that promises to return $4,672 in exactly 10 years a. Use the present-value technique to estimate the IRR on this investment. b. If a minimum annual return of 19% is required, would you recommend this investment? a. The IRR of the investment is %. (Round to the nearest whole percent.) b. If a minimum return of 19% is required, would you recommend this investment? (Select the best choice below.) 0 A. No, because a minimum required return of 19% is an arbitrary choice for an investment of this risk level. B. C. 0 D. No, because this investment yields less than the minimum required return of 19% Yes, because a minimum required return of 19% does not compensate for an investment that lasts longer than one year. Yes, because this investment yields more than the minimum required return of 19%