Question: 22) Miller, Lipton and Smith, LLC is considering a project which costs $247,800 to undertake. The project will 30 generate monthly cash flows of $9,788.70.

22) Miller, Lipton and Smith, LLC is considering a project which costs $247,800 to undertake. The project will 30 generate monthly cash flows of $9,788.70. What is the rate of return on this project? a. 1.13% APR PV = 247, 300 b. 13.44% APR pmt = 9, 788.70 c. 13.59% APR n= 30 x 12= 360 d. 14.02% APR FV = 0

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