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You wish to invest $ 5 0 , 0 0 0 and you have three choices: ( I ) Buy a perpetuity that provides annual

You wish to invest $50,000 and you have three choices:
(I) Buy a perpetuity that provides annual payments of $1000, at the end of each year.
(II) Receive $2785 at the end of every 6 months for ten years.
(III) Receive two payments of $5000 in four years and $55,000 in eight years.
Rank the three investments from best to worst, based on the internal rate of return (IRR)

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