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A project needs an investment of $1000 in Year 0. It is expected to produce cash flows of $400 in each of the next 5

A project needs an investment of $1000 in Year 0. It is expected to produce cash flows of $400 in each of the next 5 years (Years 1 5). What is the expected rate of return of this project? Express your answer in percentage terms, rounded to two decimals

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