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A project will earn $50,000 in year 1 and $50,000 in year 2. If you pay $90,000 today for this project, what rate of return

A project will earn $50,000 in year 1 and $50,000 in year 2. If you pay $90,000 today for this project, what rate of return will you earn?

A: 7.47% B:8.22% C: 6.99% D: 7.18% E: 7.32%

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