Brinker,Inc.has been investing $156,000 a year for the past 4 years into a business venture.Today,Brinker sold that venture for $825,000.What is its rate of return on this venture?
A) 9.43%
B) 11.06%
C) 15.59%
D) 16.67%
E) 18.96%
Correct Answer:
Verified
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