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A financial manager has determined that the appropriate discount rate for a foreign project is 1 5 percent. However, that discount rate applies in the

A financial manager has determined that the appropriate discount rate for a foreign project is 15 percent. However, that discount rate applies in the United States using dollars. What discount rate should be used in the foreign country using the foreign currency? The inflation rates in the United States and in the foreign country are expected to be 5 percent and 7 percent, respectively.Multiple Choice18 percent17 percent13 percent20 percent

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