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8. The Robertson Firm is considering a project which costs $123,900 to undertae. The project will yield cash flows of $4,894.35 monthly for 30 months.

8. The Robertson Firm is considering a project which costs $123,900 to undertae. The project will yield cash flows of $4,894.35 monthly for 30 months. What is the rate of return on this project?

a. 12.53%

b. 13.44%

c. 13.59%

d. 14.02%

e. 14.59%

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