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?

16.00%

15.37%

12.00%

12.48%

16.14%