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Historically, Avalon projects have had an average beta of 1.4. Assuming the market risk premium (MRP) currently estimated to be 9.5% and the risk free

Historically, Avalon projects have had an average beta of 1.4. Assuming the market risk premium (MRP) currently estimated to be 9.5% and the risk free rate is 1.10%, what is the required return for an "average" Avalon project using based on its average project beta? Round the average required return to 2 decimal places

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