Question: Fancy Cat Products has a project that will cost $264,400 today and will generate monthly cash flows of $5,500 for the next 73 months. What

Fancy Cat Products has a project that will cost $264,400 today

Fancy Cat Products has a project that will cost $264,400 today and will generate monthly cash flows of $5,500 for the next 73 months. What is the rate of return of this project when expressed as an APR? Multiple Choice 13.57% O 14.70% O 16.80% O 13.26% O 14.99%

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