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You have the following annual returns for an investment: Year 1 : + 2 5 % Year 2 : - 1 5 % Year 3

You have the following annual returns for an investment:
Year 1:+25%
Year 2: -15%
Year 3: +8%
Year 4: +2%
Your cash flows are as follows:
Year )=(0 : Initial investment of $2,000
Year )=(1 : Additional investment of $600
Year )=(2 : Additional investment of $400
Year )=(3 : Additional investment of $400
Using this information, calculate the Dollar-Weighted Average Return for this investment.
17.00%
8.60%
13.51%
3.07%
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