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A tool company purchases a machine for $ 1 0 0 , 0 0 0 . This machine is expected to generate end - of

A tool company purchases a machine for $100,000. This machine is expected to generate end-of-month cash flows of $2,350 to the firm over the next 5 years. What is the expected rate of retum on this investment?
a.5.63%
b.14.45%
c.15.56%
d.721%
e.11.47%
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