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Company X wants to invest in project Y . The required initial investment cost for the project is $ 2 5 , 0 0 0

Company X wants to invest in project Y. The required initial investment cost for the project is $25,000,000. The economic life of the project is 5 years. Net income of $8,000,000 are expected each year from the project.
Calculate the rate of return of the project.

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