Question: 34) Jogging Gear is considering a project with an initial cash requirement of $238,400. The project will yield cash flows of $4,930 monthly for 65

34) Jogging Gear is considering a project with an initial cash requirement of $238,400. The project will yield cash flows of $4,930 monthly for 65 months. What is the rate of return on this project?

A) 10.56 percent

B) 14.28 percent

C) 11.38 percent

D) 13.41 percent

E) 9.97 percent

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