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QUESTION 5 Suppose the amount of debt is 1.5 times as the amount of equity for a project. If the IRR on equity is 4%

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QUESTION 5 Suppose the amount of debt is 1.5 times as the amount of equity for a project. If the IRR on equity is 4% and the Market IRR is 10%, what is the IRR on debt (approximately)? Round your answer in two decimal places and do not insert the % sign. (e,g, If IRR is 16.6%, put 16.60 in the box)

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