Multiple Choice
Erickson's is considering a project with an initial cost of $623,000.The project will produce cash inflows of $33,500 monthly for 21 months.What is the annual rate of return on this project?
A) 11.57%
B) 13.59%
C) 16.59%
D) 17.47%
E) 18.44%
Correct Answer:
Verified
Correct Answer:
Verified
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