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You are offered a chance to buy an asset for $ 4 , 0 0 0 that is expected to produce cash flows of $

You are offered a chance to buy an asset for $4,000 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?
Select the correct answer.
a.28.08%
b.26.48%
c.28.88%
d.25.68%
e.27.28%

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