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#18 If you are willing to pay $49,902.00 today to receive $4,323.00 per year forever then your required rate of return must be ____%. Assume

#18

If you are willing to pay $49,902.00 today to receive $4,323.00 per year forever then your required rate of return must be ____%. Assume the first payment is received one year from today.

Answer format:Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))

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