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An investment has an installed cost of $529,800. The cash flows over the four-year life of the investment are projected to be $219,850, $236,450, $203,110,
An investment has an installed cost of $529,800. The cash flows over the four-year life of the investment are projected to be $219,850, $236,450, $203,110, and $151,820. At what discount rate is the NPV just equal to zero? (Round your answer to 2 decimal places. (e.g., 32.16))
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