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TaxiCorp is entirely financed with equity. Its risk premium is 11%. TaxiCorp calculates that a new project has a return of 19.3%. When should TaxiCorp

TaxiCorp is entirely financed with equity. Its risk premium is 11%. TaxiCorp calculates that a new project has a return of 19.3%. When should TaxiCorp accept the project?

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