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1 3 Childs, Inc. has a cost of capital of 9 percent and is invested in a project that has the following cash flows over

13 Childs, Inc. has a cost of capital of 9 percent and is invested in a project that has the following cash flows over the next 6 quarters. If interest is compounded quarterly, what is the effective annual rate of return for this project? (Round to 6 decimal places throughout.)
a.64.18 percent
b.13.86 percent
c.34.66 percent
d.56.94 percent
e.13.19 percent
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