Jupiter's is considering an investment in time and administrative expense on an effort that promises one large payoff in the future, followed by additional expenses over a 10-year horizon. The cash flow profile is shown in the table below. Jupiter's MARR is 12 percent/year.

a. What is the internal rate of return of this investment?

b. What is the decision rule for judging the attractiveness of investments based on internal rate of return?

c. Should Jupiter invest?

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EOY 2 3 4 5 6 7 8 9 10 Cash Flow (K$) -$2 -$10-$12 -$14 -$16 -$18 $200 -$10 -$12 $14-$100