Please provide thorough explanation. If possible, please type or ensure response is legible.

Compute the rate of return for the investment represented by the following cash flow (pick closest rate from appendix C. Do not interpolate) (show equation used in book format in your notes):

Year	Cash Flow
0	-$2,275
1	+$300
2	+$400
3	+$500
4	+$600
5	+$700
6	+$800