Kate Berry will not invest unless she can eam at least an) 4% rebum. She is evaluating an investment opportunity that requires an initial outlay of $2,100 and promises to return $4,600 in 13 years. a. Use present value techniques to estimate the IRR on this investment b. On the basis of your finding in part a, should Kate make the proposed investment? Explain 2. The yold on this investment is 1% (Enter as a percentage and round to two decimal places) b. On the basis of your finding in porta, should Kate make the proposed investment? (Select the best answer below.) O A Yes, because a minimum required return of 4% is an arbitrary choice for an investment of this risk level. OB. No, because this investment yields less than the minimum required rebum of 4% OC. Yes, because this investment yields more than the minimum required return of 4% OD. No, because a minimum required return of 4% does not compensate for an investment that is onger than one year