You are considering an investment in a clothes distributer. The company needs $103,000 today and expects to repay you $128,000 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 13%. 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 13%. What does the IRR rule say about whether you should invest?

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