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NEED ANSWER ASAP PLEASE! You are considering an investment in a clothes distributer. The company needs $108,000 today and expects to repay you $128,000 in

NEED ANSWER ASAP PLEASE!

You are considering an investment in a clothes distributer. The company needs $108,000 today and expects to repay you $128,000 in a year from now. What is the IRR of this investmentopportunity? Given the riskiness of the investment opportunity, your cost of capital is 11%. What does the IRR rule say about whether you shouldinvest?

What is the IRR of the investmentopportunity?

The IRR of the investment is what %?(Round to the nearestcent.)

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