The Robertson Firm is considering a project that costs $135,500 to undertake.The project will yield cash flows of $5,894.35 monthly for 30 months.What is the rate of return on this project?
A) 21.53%
B) 22.44%
C) 23.59%
D) 21.74%
E) 26.59%
Correct Answer:
Verified
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