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Tanya Sinclair, owner of Sinclair Fine Wine, is considering investing $190,228 in a temperature-controlled wine storage room. She plans to rent space to customers and

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Tanya Sinclair, owner of Sinclair Fine Wine, is considering investing $190,228 in a temperature-controlled wine storage room. She plans to rent space to customers and expects to generate $40.369 annually (rental charges less miscellaneous expenses other than depreciation). Assuming Tanya wishes to evaluate the project with a 7-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%.) Should Tanya make the investment if her required rate of return is 9.0 percent

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