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Conveyor Corp is considering spending $92,000 to install a new automated sorting system that should provide a perpetually growing stream of cash forthe company. with

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Conveyor Corp is considering spending $92,000 to install a new automated sorting system that should provide a perpetually growing stream of cash forthe company. with the first year being $9,500 and future years growing at 3%. If the opportunity cost of capital is 9%, what is the highest the required discount rate could be (rounded to two places) fcr this to still be a viable project? Mutiple Choice None of the above 13.33 12.43\% 10.67%

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