You are considering an investment in a clothes distributer. The company needs

$107,000

today and expects to repay you

$123,000

in a year from now. What is the IRR of this investment opportunity? Given the riskiness of the investment opportunity, your cost of capital is

11%.

What does the IRR rule say about whether you should invest?

What is the IRR of this investment opportunity?

The IRR of this investment opportunity is

nothing%.

(Round to one decimal place.)Given the riskiness of the investment opportunity, your cost of capital is

11%.

What does the IRR rule say about whether you should invest?The IRR rule says that you

. (Select from the drop-down menu.)

Should Not Invest

Should Be Indiiferent

Should Invest

Should Invest