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Justin Lieberman must earn a minimum rate of return of 15.71 % as compensation for the risk of the following investment: Initial Investment $9,710 End

Justin Lieberman must earn a minimum rate of return of 15.71 % as compensation for the risk of the following investment:

Initial Investment $9,710 End of Year Income 1 $1,997 2 $3,574 3 $5,475 4 $1,122 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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