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Given the following information for an international project: US inflation = 8.5% Singapore inflation = 7.5% Cost of capital in the US =15% What will

Given the following information for an international project: US inflation = 8.5% Singapore inflation = 7.5% Cost of capital in the US =15% What will the equivalent Singaporean cost of capital be? [Leave your answer in decimals to 4 places]

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