A project that provides annual cash flows of $12,600 for 12 years costs $65,000 today.At what rate would you be indifferent between accepting the project and rejecting it?

A project that provides annual cash flows of $12,600 for 12 years costs $65,000 today.At what rate would you be indifferent between accepting the project and rejecting it?
A)15.28 percent
B)15.40 percent
C)15.51 percent
D)16.18 percent
E)16.74 percent

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