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Consider the following facts about a project that has an expected useful life of seven years: The net present value is $0.4 million The internal
Consider the following facts about a project that has an expected useful life of seven years:
- The net present value is $0.4 million
- The internal rate of return is 10 percent.
- The discounted payback period is five years.
These facts indicate that the project's cost of capital is:
Answer in percent.
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