Consider a firm with a contract to sell an asset 3 years from now for $90,000.The asset costs $71,000 to produce today.At what rate will the firm just break even on this contract?
A) 7.87 percent
B) 8.01 percent
C) 8.23 percent
D) 8.57 percent
E) 8.90 percent
Correct Answer:
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