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Brinker, Inc: Rate of return on business venture investment

4. Brinker, Inc. has been investing $136,000 a year for the past 4 years into a business venture. Today, Brinker sold that venture for $685,000. What is its rate of return on this venture?

9.43%
11.06%
15.59%
16.67%
18.71%

Solution Summary

4. Brinker, Inc. has been investing $136,000 a year for the past 4 years into a business venture. Today, Brinker sold that venture for $685,000. What is its rate of return on this venture?

$2.19