What is the rate of return implied by this investment

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Question - An investment promises the following stream of cash flows promised at the end of for years 1 through 6, respectively-- $5,000; $8,000; $10,000; $10,000; $10,000; $10,000. The investment is selling for $28,000 today. What is the rate of return implied by this investment?

A. 14.54%

B. 19.61%

C. 17.18%

D. 12.05%

E. 22.32%

Reference no: EM133055593

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