You are evaluating five different investments, all of which involve an upfront outlay of cash. Each investment will provide a single cash payment back to you in the future. Details of each investment appear below. Calculate the IRR of each investment. State your answer to the nearest basis point (i.e., the nearest one one-hundredth of 1%, such as 3.76%).

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Investment A B C D E Initial Investment $ 1,000 $10,000 $ 400 $ 3,000 $ 5,500 Future Payoff $ 1,796 $13,629 $ 1,420 $ 3,630 $ 8,467 End of Year 12 9 18 2 11