Question: Lana's Wardrobe is considering a project which has an initial cash requirement of $271,600. The project will yield cash flows of $4,820 monthly for 64

Lana's Wardrobe is considering a project which has an initial cash requirement of $271,600. The project will yield cash flows of $4,820 monthly for 64 months. What is the rate of return on this project? 4.04 percent 4.81 percent 5.68 percent 6.89 percent 7.16 percent

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