Question: Problem 7-7 (algorithmic) Question Help Consider a project that will bring in upfront cash inflows for the first two years but require paying some money

 Problem 7-7 (algorithmic) Question Help Consider a project that will bring

Problem 7-7 (algorithmic) Question Help Consider a project that will bring in upfront cash inflows for the first two years but require paying some money to close the project in the third year. $6,500 A1 $3,500 Az ($13,000) This is a simple borrowing project. Determine the borrowing rate of return. The borrowing rate of return is (Round to two decimal places.)

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