Cast Out Co

question 20

Multiple Choice

Cast Out Co.invested $37,900 in a project.At the end of three years,the company sold the project for $62,500.What annual rate of return did the firm earn on this project?

• A)16.91%
• B)19.20%
• C)18.14%
• D)18.67%
• E)17.47%

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Definitions:

Networking

The building of relationships and sharing of information with colleagues who can help managers achieve the items on their agendas.