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Barrett Pharmaceuticals is considering a drug project that costs $150,000 today and is expected to generate end-of-year annual cash flows of $13,000, forever. At what

Barrett Pharmaceuticals is considering a drug project that costs $150,000 today and is expected to generate end-of-year annual cash flows of $13,000, forever. At what discount rate would Barrett be indifferent between accepting or rejecting the project?

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