Question: Erickson s is considering a project with an initial cost of $623,000. The project will produce cash inflows of $33,500 monthly for 21 months. What

Erickson s is considering a project with an initial cost of $623,000. The project will produce cash inflows of $33,500 monthly for 21 months. What is the annual rate of return on this project? 11.57% 13.59% 17.47% 16.59% 18.44%

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