No, there is no way to avoid the tax on your IRA withdrawal.
You didn't say what this "investment" was, but in some cases part of it could result in sort of deduction, but that is completely separate from the tax on your IRA withdrawal.
Yes, you can setup up an Installment Agreement with the IRS. But there will be a setup fee, interest (currently an annual 8% rate) and late-payment penalties (an additional annual 3%-6% rate).
https://www.irs.gov/payments/payment-plans-installment-agreements
