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Acme is considering developing an office building and selling it in the future. They forecast:...

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Accounting

Acme is considering developing an office building and selling it in the future.
They forecast:
At t=0 it will cost them $300 to buy the land
At t=1 it will cost them $550 to develop
At t=2 they will sell it for $1000
Each time period is a year.
Find the IRR of this project. Write the answer as a percent so for example 2.5% should be written as 2.5, not as 0.025
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