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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

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

3

years and requires a portfolio return of

24.3 % .

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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