In investment has returns of $110, $120 and $135 at the end of the next 3 years. In addition, the investment can be sold for $1,299 at the end of the third year. What is the annual rate of return of the investment if it cost $1,099? In investment has returns of $110, $120 and $135 at the end of the next 3 years. In addition, the investment can be sold for $1,299 at the end of the third year. What is the annual rate of return of the investment if it cost $1,099? 12.00% 15.37% 16.14% 16.00% 12.48%