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Your firm has a beta of 1.3, a current stock price of $55, and you just paid a dividend of $1.25. You are considering a

Your firm has a beta of 1.3, a current stock price of $55, and you just paid a dividend of $1.25. You are considering a new project that would raise your beta to 1.6. If the risk-free rate is 2% and the expected market return is 6%, what growth rate must the new project have to make it feasible?

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