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You invest $ 5 , 0 6 2 in stock and receive $ 6 8 , $ 7 5 , $ 9 3 , and

You invest $

5, 062

in stock and receive $

68,

75,

93,

and $

95

in dividends over the following

4

years. At the end of the

4

years, you sell the stock for $

7, 200 .

What was the IRR on this investment?

The IRR on this investment is

% . (

Round to the nearest whole percent.

)

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