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Deason's is considering a project with an initial cost of $385,000. The project will produce cash inflows of $26,000 monthly for 18 months. What is

Deason's is considering a project with an initial cost of $385,000. The project will produce cash inflows of $26,000 monthly for 18 months. What is the annual rate of return on this project?

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25.69%

2.14%

44.96%

1.22%

14.11%

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