15

You are offered a chance to buy an asset for $4,500 that is expected to produce cash flows of $750 at the end of Year 1, $1,000 at the end of Year 2,$850 at the end of Year 3 , and $4,650 at the end of Year 4 . What rate of return would you earn if you bought this asset? Your answer should be between 5.08 and 22.48, rounded to 2 decimal places, with no special characters