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Jogging Gear Is Considering a Project with an Initial Cash

Question 125

Multiple Choice

Jogging Gear is considering a project with an initial cash requirement of $238,400. The project will yield cash flows of $4,930 monthly for 65 months. What is the rate of return on this project? 


A) 9.97 percent 
B) 11.38 percent 
C) 14.28 percent
D) 13.41 percent
E) 10.56 percent 

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