Multiple Choice
Cast Out Co.invested $37,900 in a project.At the end of three years,the company sold the project for $62,500.What annual rate of return did the firm earn on this project?
A) 16.91%
B) 19.20%
C) 18.14%
D) 18.67%
E) 17.47%
Correct Answer:
Verified
Correct Answer:
Verified
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