Question: Q: Jogging Gear is considering a project with an initial cash requirement of $238,400. The project will yield cash flows of $4,930 monthly for 65

Q: Jogging Gear is considering a project with an initial cash requirement of $238,400. The project will yield cash flows of $4,930 monthly for 65 months. What is the nominal annual rate of return on this project?

A) 14.28% B) 10.56% C) 9.97% D) 11.38% E) 13.41%

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