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Lew's market invested in a project that returned 16.67 percent during a period when inflation averaged 3.26 percent. What real rate of return did Lew's

Lew's market invested in a project that returned 16.67 percent during a period when inflation averaged 3.26 percent. What real rate of return did Lew's earn on its project?

a. 13.41%

b. 12.87%

c. 13.03%

d. 12.99%

e. 13.29%

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