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Kevin owns one share of Acme, Inc. stock. He purchased the stock three years ago for $25. The stock is currently trading for $29.50 per

Kevin owns one share of Acme, Inc. stock. He purchased the stock three years ago for $25. The stock is currently trading for $29.50 per share. The stock has paid the following dividends over the past three years. Year 1: $1.50 Year 2: $2.00 Year 3: $2.50 What is the compounded rate of return (IRR) that Kevin has earned on this investment?

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