John Began His Investing Program with a $5,500 Initial Investment

Multiple Choice

John began his investing program with a $5,500 initial investment. The table below recaps his returns each year as well as the amounts he added to his investment account. What is his dollar-weighted average return?
$\begin{array}{ccr}\text { Time } & \text { Investment } & \text { Return } \\0 & \$ 5,500 & 8.5\% \\1 & \$ 2,000 & -5.0\% \\2 & \$ 2,600 & 4.5\% \\3 & \$ 3,000 & 9.0\% \\4 & \$ 900 & -2.5\%\end{array}$

A) 1.5%
B) 1.8%
C) 2.0%
D) 2.2%
E) 2.6%