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You are considering an investment in a clothes distributer. The company needs $103,000 today and...

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You are considering an investment in a clothes distributer. The company needs $103,000 today and expects to repay you $129,000 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 16%. 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 16%. What does the IRR rule say about whether you should invest? The IRR rule says that you (Select from the drop-down menu.)

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