Question: 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

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

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