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A project requires an initial investment of $950,000 depreciated straight-line to $0 in 4 years. The investment is expected to generate annual sales of $600,000

A project requires an initial investment of $950,000 depreciated straight-line to $0 in 4 years. The investment is expected to generate annual sales of $600,000 with annual costs of $250,000 for 4 years. Assume a tax rate of 35% and the NPV of $100,000. What is a discount rate of the project?

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