Multiple Choice
An investment that provides annual cash flows of $20,100 for 8 years costs $87,500 today. At what rate would you be indifferent between accepting the investment and rejecting it?
A) 17.60 percent
B) 15.90 percent
C) 15.51 percent
D) 15.93 percent
E) 16.74 percent
Correct Answer:
Verified
Correct Answer:
Verified
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