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Assume you invest $8,600 today in an investment that promises to return $21,626 in exactly 10 years. a. Use the present-value technique to estimate the

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Assume you invest $8,600 today in an investment that promises to return $21,626 in exactly 10 years. a. Use the present-value technique to estimate the IRR on this investment. b. If a minimum annual retum of 11% is required, would you recommend this investment? a. The IRR of the investment is \%. (Round to the nearest whole percent.) Assume you invest $8,600 today in an investment that promises to return $21,626 in exactly 10 years. a. Use the present-value technique to estimate the IRR on this investment. b. If a minimum annual retum of 11% is required, would you recommend this investment? a. The IRR of the investment is \%. (Round to the nearest whole percent.)

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