Question: Fancy Cat Products has a project that will cost $254,000 today and will generate monthly cash flows of $5,460 for the next 65 months. What

Fancy Cat Products has a project that will cost $254,000 today and will generate monthly cash flows of $5,460 for the next 65 months. What is the rate of return of this project when expressed as an APR? Multiple Choice 12.97% 11.97% 11.47% 13.28% 14.82%

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