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. Assume that the cumulative discount factor for a capital budgeting project at the end of Year 2 is 14.34% and that the interest rate
. Assume that the cumulative discount factor for a capital budgeting project at the end of Year 2 is 14.34% and that the interest rate for Year 3 is 6.4%. Given this information, calculate the appropriate cumulative discount factor for the project as of December 31, Year 3.m
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