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Business, 05.05.2020 21:04 kaylam5599

Fancy Cat Products has a project that will cost $241,000 today and will generate monthly cash flows of $5,730 for the next 55 months.

What is the rate of return of this project when expressed as an APR?

a. 12.47%

b. 10.41%

c. 12.10%

d. 13.83%

e. 11.17%

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Answers: 1

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