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The Wine Press is considering a project which has an initial cash requirement of $187,400. The project will yield cash flows of $2,832 monthly for 84 months. What is the rate of return on this project?

1. 7.56 percent

2. 6.97 percent

3. 7.28 percent

4. 7.41 percent

5. 7.04 percent

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9443918

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