You invested $20,000 into a start-up that your friend launched in college. The company has sent you out the following cash flow amounts at the end of each respective year:

Year 1: $3

Year 2: $27

Year 3: $3,246 + your original $20,000

What was the IRR of your investment?

• 12.48%

• 3.77%

• 9.48%

• 5.19%

• 6.79%