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Young Pharmaceuticals is considering a drug project that costs $2.58 million today and is expected to generate end-of-year annual cash flows of $243,000 forever. At

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Young Pharmaceuticals is considering a drug project that costs $2.58 million today and is expected to generate end-of-year annual cash flows of $243,000 forever. At what discount rate would the company be indifferent between accepting or rejecting the project? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Discount rate

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