Question
The Robertson Firm is considering a project which costs $123,900 to undertake. The project will yield cash flows of $4,894.35 monthly for 30 months. What
The Robertson Firm is considering a project which costs $123,900 to undertake. The project will yield cash flows of $4,894.35 monthly for 30 months. What is the rate of return on this project?
A) 12.53% B) 13.44% C) 13.59% D) 14.02% E) 14.59%
The answer is C. But i don't know how to get the answer. Can you show me via financial calculator or excel. I will give thumbs up. Thanks
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Accounting
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
23rd Edition
978-0324662962
