Multiple Choice
Assume that the net present value of a project is $74.3 million at 6%, and -$21.2 million at 9%. Use linear interpolation to compute the rate of return correct to the nearest hundredth of a percent.
A) 2.33%
B) 8.33%
C) 6.67%
D) 4.2%
E) 10.2%
Correct Answer:
Verified
Correct Answer:
Verified
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