You are considering an investment in a clothes distributer


You are considering an investment in a clothes distributer. The company needs $109,000 today and expects to repay you $123,000 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 14%. What does the IRR rule say about whether you should invest? What is the IRR of this investment opportunity? Round to the nearest decimal.

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Financial Management: You are considering an investment in a clothes distributer
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