Initial Investment $8,496

End of Year Income
1              $3,327
2             $2,372
3              $2,558
4             $1,526
5             $1,000

Justin Lieberman must earn a minimum rate of return of 15.41% as compensation for the risk of the following investment: a. Use present value techniques to estimate the IRR on this investment. b. On the basis of your finding in part a, should Justin make the proposed investment?