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Fancy Cat Products has a project that will cost $260,500 today and will generate monthly cash flows of $5,485 for the next 70 months. What

Fancy Cat Products has a project that will cost $260,500 today and will generate monthly cash flows of $5,485 for the next 70 months. What is the rate of return of this project when expressed as an APR?

Multiple Choice

  • 13.05%

  • 14.14%

  • 14.44%

  • 16.16%

  • 12.66%

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