You are considering an investment in a clothes distributer. The company needs $102,000 today and expects to repay you $120,000 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 20%. 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??? %. (Round to one decimal place.)

Given the riskiness of the investment opportunity, your cost of capital is 20%. What does the IRR rule say about whether you should invest?

The IRR rule says that you should not invest, should be indifferent, should invest (Select from the drop-down menu.)