The wine press is considering a project which has an initial cash requirement of $187,400. The project will yield cash flows of $2832 monthly for 84 months. What is the rate of return on this project.

The wine press is considering a project which has an initial cash requirement of $187,400. The project will yield cash flows of $2832 monthly for 84 months. What is the rate of return on this project.



Answer: 7.04


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