*Important note for solver: Please provide a detailed explanation as to how you got to your answer. I can not use excel to solve for this, only a scientific or financial calculator, so please be mindful of this in your calculations.

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 $6,250 at the end of Year 4. What rate of return would you earn if you bought this asset?

A) 22.87% B) 26.72% C) 22.64% D) 16.98%