Find the IRR of the asset to the right. If your cost of capital is 12%, should you invest in this asset? Justify your answer.

You are considering the purchase of another asset with an IRR of 12%. Should you invest in this asset or the one in the problem above? Justify your answer.

0	(150,000)
1	57,000
2	67,000
3	57,000
PROBLEM :
Which asset?
Justification