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Justin Lieberman must earn a minimum rate of return of 15.71 % as compensation for the...

Justin Lieberman must earn a minimum rate of return of 15.71 % as compensation for the risk of the following​ investment:

Initial Investment   $9,710
End of Year   Income
          1   $1,997
          2   $3,574
          3   $5,475
          4   $1,122
          5   $1,100

a. Use present value techniques to estimate the IRR on this investment _______

b. On the basis of your finding in part

a​) should Justin make the proposed​ investment?

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