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Red Devil has an average loan period of 3 years and requires a Venture capital required rate of return. Red Devil Investors has a success

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Red Devil has an average loan period of 3 years and requires a Venture capital required rate of return. Red Devil Investors has a success rate of one project for every four funded portfolio return of 24 2% If you borrow tom Red Devil what your annual cost of captan What is the annual cost of capita? %. (Round to four decrnal places.)

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