You are considering an investment in a clothes distributor. The company needs $103,000 today and expects to repay you $130,000 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 12%. 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 12%.

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

should invest

should be indifferent

should not invest

. (Select from the drop-down menu.)