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Business, 28.07.2021 03:50 sweetbri7p5v6tn

Green Caterpillar Garden Supplies Inc. is considering a one-year project that requires an initial investment of $600,000; however, in raising this capital, Green Caterpillar will incur an additional flotation cost of 2%. At the end of the year, the project is expected to produce a cash inflow of $840,000. The rate of return that Green Caterpillar expects to earn on the project after its flotation costs are taken into account is: a. 29.80
b. 22.35
c. 37.25
d. 33.53

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