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Barrett Pharmaceuticals is considering a drug project that costs $2.42 million today and is expected to generate end-of-year annual cash flows of $211,000, forever.
Barrett Pharmaceuticals is considering a drug project that costs $2.42 million today and is expected to generate end-of-year annual cash flows of $211,000, forever. At what discount rate would Barrett be indifferent between accepting and rejecting the project? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Discount rate
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
17th edition
007802577X, 978-0078025778
