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A factory is worth $ 7 5 , 4 0 0 . 0 0 . It is expected to produce equal monthly cash flows of

A factory is worth $75,400.00. It is expected to produce equal monthly cash flows of $6,709.90 for 10 months with the first monthly cash flow expected in 1 month. The factory is also expected to make an extra cash flow of $15,000.00 in 10 months. What is the monthly cost of capital for the factory?
1.58%(plus or minus 10bps)
1.37%(plus or minus 10bps)
2.85%(plus or minus 10bps)
2.47%(plus or minus 10bps)
none of the answers are within 10bps of the correct answer
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