The Wine Press is considering a project which has an initial cash requirement of $187,400. The project

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The Wine Press is considering a project which has an initial cash requirement of $187,400. The project will yield cash flows of $2,832 monthly for 84 months. What is the annual rate of return on this project?

		6.97 percent
		7.08 percent
		7.28 percent
		7.41 percent
		7.56 percent

Related Book For answer-question

Fundamentals of Financial Management

ISBN: 978-0324597707

12th edition

Authors: Eugene F. Brigham, Joel F. Houston

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Posted Date: Feb 14, 2024 04:08 AM

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The Wine Press is considering a project which has an initial cash requirement of $187,400. The project

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Fundamentals of Financial Management

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