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Tanya Sinclair, owner of Sinclair Fine Wine, is considering investing $196, 219 in a temperature-controlled wine storage room. She plans to rent space to customers

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Tanya Sinclair, owner of Sinclair Fine Wine, is considering investing $196, 219 in a temperature-controlled wine storage room. She plans to rent space to customers and expects to generate $47, 726 annually (rental charges less miscellaneous expenses other than depreciation). Assuming Tanya wishes to evaluate the project with a 6-year time horizon, what is the internal rate of return of the investment? (Ignore taxes.) (Round present value factor calculations to 4 decimal places, e.g. 1.2151 and final answer to 1 decimal place, e.g. 12.5%.) Internal rate of return % Should Tanya make the investment if her required rate of return is 10.0 percent? Tanya make the investment %

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