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Give the following information for an international project: US inflation = 8.5% Singapore inflation= 7.5% cost of capital in the US = 18% what will

Give the following information for an international project:

US inflation = 8.5%

Singapore inflation= 7.5%

cost of capital in the US = 18%

what will the equivalent Singapore cost of capital be?

(leave your answer in decimals to 4 places)

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