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* A project will have one of the following time 1 payoffs, each with the corresponding probability. $94 with probability 11%. $284 with probability 71%.

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"* A project will have one of the following time 1 payoffs, each with the corresponding probability. $94 with probability 11%. $284 with probability 71%. $561 otherwise. The discount rate is 11.9%. The project is partially financed with debt with a time 1 promised payoff of $219. What is the highest return that the equity holders will receive? Give your answer in percentage to the nearest 0.1 percent. Selected Answer: 4.3 Correct Answer: 255.30.1

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