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George Lends $200,000 for Each New Idea

Question 60

Multiple Choice

George lends $200,000 for each new idea.George's history is that he selects low-risk projects or ideas that hit 80% of the time.What rate of return must each successful project pay George for him to break even?


A) 20.50%
B) 22.00%
C) 23.50%
D) 25.00%

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