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Justin Lieberman must earn a minimum rate of return of 13.6% as compensation for the risk of the following investment: a. Use present value techniques

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Justin Lieberman must earn a minimum rate of return of 13.6% 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? Data table a. The yield on this investment is %. (Round to two decimal places.) Initial Investment $8,304 End of Year Income 1 $2,246 2 $1,999 3 $3,169 4 $2,056 5 $1,200 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.)

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