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Venture capital required rate of return. Red Devil Investors has a success rate of one project for every four funded. Red Devil has an average

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Venture capital required rate of return. Red Devil Investors has a success rate of one project for every four funded. Red Devil has an average loan period of 2 years and requires a portfolio return of 24.4%. If you borrow from Red Devil, what is your annual cost of capital? What is the annual cost of capital? %. (Round to four decimal places.)

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