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Justin Lieberman must earn a minimum rate of return of 14.62% 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 14.62% 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? a. The yield on this investment is %. (Round to two decimal places.) Data Table n Initial Investment $16,240 End of Year Income 1 $5,132 2 $4,040 3 $9,249 4 $2,229 5 $1,800 (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Print Done

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