Multiple Choice
Saint Mary's is offered a contract, which requires an immediate investment of $25 million. The estimated returns are $5 million per year for 20 years. Compute the rate of return.
A) 19.42%
B) 99.9%
C) 7.75%
D) 12.45%
E) 13.79%
Correct Answer:

Verified
Correct Answer:
Verified
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