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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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