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$50,000 was invested now to purchase an asset. The anticipated revenue the asset will generate is $11,000 per year in years 1-5. The asset will

$50,000 was invested now to purchase an asset. The anticipated revenue the asset will generate is $11,000 per year in years 1-5. The asset will be sold in year 5 for $23,000. If the MARR is 8%, determine the rate of return. Enter your answer as percentage to one decimal place

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