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Rabbit's Den Inc. has a cost of capital of 7.16%. It is considering investing in a new manufacturing plant which is expected to have a

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Rabbit's Den Inc. has a cost of capital of 7.16%. It is considering investing in a new manufacturing plant which is expected to have a life of 20 years. Based on the initial investment requirements and future cashflows generated, this expansion will generate a net preserit value (NPV) of $0. The internal rate of return of this expansion project is __%. YOUR ANSWER SHOULD HAVE 2 DECIMAL PLACES. DO NOT USE ANY UNITS OR COMMAS. Your Answer: Answer Page 6 of 10

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