Question

Tom plans to gamble each year for the next 20 years, starting at at the end of year 1. If he loses 4.47 dollars in odd years (i.e., years 1, 3, 5, etc) and wins 7.46 dollars in even years (i.e., years 2,4, 6 etc), what will be Tom's (internal) rate of return per year from gambling?