Question: Nick has a project in mind that will require $100 of money to run the business. The project will last for only one year and

Nick has a project in mind that will require $100 of money to run the business. The project will last for only one year and coas existence after that. Nick has only $50 of his own money and he needs to attract the remaining 350 by borrowing it from his buddy Sam. The loan has an 8% annual interest rate. If the end of year cash generated by the business activities is $130, what is Sam's rate of retum? A 129 B-8% C.8% D.-52% E 1603 F. 52% 6.152

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