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Ladymann Corporation is considering spending $52,000 to install a new air handling system that should provide a perpetually growing stream of cash for the company,

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Ladymann Corporation is considering spending $52,000 to install a new air handling system that should provide a perpetually growing stream of cash for the company, with the first year being $4,500 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) for this to still be a viable project? Multiple Choice None of the above 8.67%

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