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For a particular projects cash flows, the appropriate nominal discount rate is 18%. The expected inflation rate is 4%. The appropriate real discount rate for

For a particular projects cash flows, the appropriate nominal discount rate is 18%. The expected inflation rate is 4%. The appropriate real discount rate for this type of project is approximately:

a. 11.08% b. 13.46% c. 14.89% d. 12.41%

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