Acme is considering developing an office building and selling it in the future. They forecast: At t=0 it will cost them $400,000 to buy the land At t=1 it will cost them $500,000 to develop At t=2 it will cost them $600,000 to develop At t=3 they will sell it for $2,000,000 Each time period is a year. Find the IRR of this project.