8 of 11 (7 complete) HW Score: 54.55%, 6 of 11 pts P8-8 (similar to) Question Help Comparison of returns. WG Investors is looking at three different investment opportunities. Investment one is a five-year investment with a cost of $230 and a promised payout of $460 at maturity. Investment two is a seven-year investment with a cost of $230 and a promised payout of $667 Investment three is a ten-year Investment with a cost of $230 and a promised payout of $1,127 WG Investors can take on only one of the three investments. Assuming that all three investment opportunities have the same level of risk, calculate the effective annual return for each investment, and select the best investment choice What is the effective annual return for investment one, a five-year investment with a cost of $230 and a promised payout of 5460 at maturity? % (Round to two decimal places.) A grar Enter your answer in the answer box and then click Check Answer Clear All A parts remaining See solution D G