QUESTION $13$

An investment that provides annual cash flows of $$9,600$ for $12$ years costs $$75,000$ today. At what rate would you be indifferent between accepting the investment and rejecting it$?$

a$.6\mathrm{.}74\%$

b$.7\mathrm{.}60\%$

c$.5\mathrm{.}90\%$

d$.5\mathrm{.}51\%$

e$.7\mathrm{.}31\%$