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Budget planners for a certain community have determined that $8,593,000 will be required to provide all government services next year. The total assessed property value

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Budget planners for a certain community have determined that $8,593,000 will be required to provide all government services next year. The total assessed property value in the community is $130,000,000. What tax rate is required to meet the budgetary demands? (Express your answer as a tax rate per $100 to two decimal places rounded up.)

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