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AT or the above 16. The minimum attractive rate of return for company X is 20% per year. If the company assumes the inflation rate is 8% per year, the interest rate it should use to account for inflation in a present worth calculation is nearest to: A) B) 20% 28% 29.6% = 0.20 + 0.08 + (0.20)(0.08) = 0.296 or 29.6%