Danny has P13760 in cash and he would like to invest it in business. His estimates of the year by year receipts and disbursements for all purposes are shown in the table • Year - 0 • 1 2 . 3 4 Disburstments - P13760 + P1000 + P1200 + P1500 + P1800 0 P5000 P6200 P7500 P8800 • He estimates that his equipment will have a salvage value of P2000 at the end of useful life. Find the rate of return of the prospective investments.

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