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Rambling Rotors Inc. needs help evaluating a possible investment project. The project requires $ 6 3 , 0 0 0 investment today, and is expected

Rambling Rotors Inc. needs help evaluating a possible investment project. The project requires $63,000 investment today, and is expected to result in a one-time cash inflow of $109,000 in 8 years. What is the implied annual rate or return on the investment?

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