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An investment requires an equity contribution of $1,750,000. In the first year, the before-tax cash flow is $105,000 and the after-tax cash flow is $115,000.

An investment requires an equity contribution of $1,750,000. In the first year, the before-tax cash flow is $105,000 and the after-tax cash flow is $115,000. What is the equity dividend rate in the first year of ownership?

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