A bulk materials hauler purchased a used dump truck for $50,000 two years ago. The operating costs have been $5000 per month and revenues have averaged $7500 per month. The truck was just sold for $11,000. The rate of return is closest to: (a) 2.6% per month (b) 2.6% per year (c) 3.6% per month (d) 15.6% per year

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