Justin Lieberman must earn a minimum rate of return of $18\mathrm{.}88\%$ 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

$\backslash$table$[[$Initial Investment,$$9,870$