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Consider an investment project that needs costs now and at the end of year 3. The income will be started at the end of year

Consider an investment project that needs costs now and at the end of year 3. The income will be started at the end of year 1 and will go to the end of year 6. The cost and income cash flows are as follows:

Year

0

1

2

3

4

5

6

Cost ($)

-100,000

-25,000

Income ($)

25,000

30,000

35,000

40,000

45,000

50,000

What is the interest rate the project offers?

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