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A firm is considering a project that has a cost of $440,000. The cash flows over the four-year life of the project are projected to

A firm is considering a project that has a cost of $440,000. The cash flows over the four-year life of the project are projected to be $230,000, $240,000, $215,000, and $165,000, respectively. 


At what rate would the firm be indifferent to undertaking this project?

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