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Suppose an investment is selling for $28,000 today and promises the following cash flows at the end of the coming 5 years, respectively: $6000; $8000;

Suppose an investment is selling for $28,000 today and promises the following cash flows at the end of the coming 5 years, respectively: $6000; $8000; $9000; $9000; $9000. What rate of return is this investment promising?

A.13.30%

B.11.72%

C. 9.45%

D. 8.47%

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