Question: Consider a training program that will result in a worker receiving a one-time bonus of $2,500 two years from now. The cost of the training

Consider a training program that will result in a worker receiving a one-time bonus of $2,500 two years from now. The cost of the training program is $2,000. What is the internal rate of return on this investment?

The answer I was given is 11.8%. I'm trying to understand the steps in order to get the answer. Thank you.

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