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The present value of an investment is estimated at about $ 2 6 6 , 3 0 0 . The expected generated free cash flow

The present value of an investment is estimated at about $266,300. The expected generated free cash flow from the project for next year is $5,000 and is expected to grow 15% a year for the next four years following the first generated cash flow. After the fifth year (t=5), the growth rate is expected to be 6% in perpetuity. Estimate the discount rate used in valuing this project?

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