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A project will have one of the following time 1 payoffs, each with the corresponding probability. $ 8 3 with probability 1 1 % .

A project will have one of the following time 1 payoffs, each with the corresponding probability.
$83 with probability 11%.
$336 with probability 55%.
$521 otherwise.
The discount rate is 6.3%. Debtholders contribute $115 at time 0 to finance the project. What is the promised return on the debt? Give your answer in percentage to closest 0.1 percent.

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