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Justin Lieberman must earn a minimum rate of return of 17.43% as compensation for the risk of the following investment Initial Investment $11,648 End of

Justin Lieberman must earn a minimum rate of return of 17.43% as compensation for the risk of the following investment

Initial Investment $11,648 End of Year Income 1 $3,690 2 $3,504 3 $5,320 4 $1,978 5 $1,100

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?

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