You are considering an investment in a clothes distributer. The company needs $$$$107$ comma $000$ today and expects to repay you $ $126$ comma $000$ in a year from now. What is the IRR of this investment$$ opportunity? Given the riskiness of the investment$$ opportunity, your cost of capital is $15\%.$ What does the IRR rule say about whether you should$$ invest?

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Part $1$

Calculate the IRR of this investment opportunity. $($Round to two decimal$$ places.$)$

The IRR of this investment opportunity is

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