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Canfield Company is considering investing in some laser equipment that will cost $324,730. It will have a useful life of 8 years. Annual cash flow

Canfield Company is considering investing in some laser equipment that will cost $324,730. It will have a useful life of 8 years. Annual cash flow is expected to be 70,000 per year. The company's discount rate is 10%. What is the Rate of Return on this project?

A. 14%

B. 10%

C. 8%

D. 5%

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