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Your department is considering investing in land for a new facility in the future and want to see a real return of 6.9%. You are

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Your department is considering investing in land for a new facility in the future and want to see a real return of 6.9%. You are tasked to provide a cost analysis for the investment in land and facility. If inflation is expected to be 2.8% for the next few years. What is the interest rate you should use as your goal IRR in analyzing the project? Submit your final answer as a %. So if you calculate 0.7785 you should submit 77. 85 Margin of error +/- 0.01

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