What is the rate of return on this project

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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 rate of return on this project?

A) 10.56 percent

B) 14.28 percent

C) 11.38 percent

D) 13.41 percent

E) 9.97 percent

Reference no: EM131487614

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