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-Mart is looking to expand an existing project that requires an immediate investment of $60 million. The rm anticipates that the expansion project will generate

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-Mart is looking to expand an existing project that requires an immediate investment of $60 million. The rm anticipates that the expansion project will generate one future cash flow of $198 million that will arrio t the end of year 9 , and only in that year. The company considers the required rate of return of the proje be 6% Calculate the project's internal rate of return: % Notes on Formatting: Place your answer in PERCENTAGE form with two decimal places of accuracy. Fo example, if your answer is thirteen point seventy five percent, do not round that answer to fourteen bercent, but instead place your answer as 13.75 and NOT as . 1375

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