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A project requires an initial investment of $1,654,150 depreciated straight-line to $0 in 25 years. The investment is expected to generate annual sales of $750,000

A project requires an initial investment of $1,654,150 depreciated straight-line to $0 in 25 years. The investment is expected to generate annual sales of $750,000 with annual costs of $500,000 for 25 years. Assume tax rate of 35% and the NPV is $452.21. What is the discount rate used in the project?

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