You would like to develop an office building. Your analysts forecast that it will cost you 300,000 immediately (time 0), and it will cost you 500,000 in one year (time 1). They forecast you can sell the building for 1,400,000 in two years (time 2). If your discount rate is 5%, what is the internal rate of return for this investment? (in the previous step net present value was asked, that is = 493,651 if I'm not mistaken)