=a. Calculate the appropriate discount rate to evaluate this project. You may assume that Starbucks correctly chose

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=a. Calculate the appropriate discount rate to evaluate this project. You may assume that Starbucks correctly chose the comparable company, and that differences in leverage between Starbucks and Apple have a negligible effect on the analysis. Assume a 40 percent tax rate, 10 percent interest rate on Apple's debt, and other information as presented in Problem 11, above. (Use Apple's financial statements for September 30, 2004.)

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