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Your firm has been told that it needs $100,000 today to fund a $150,000 expansion project 6 years from now. What rate of interest was

Your firm has been told that it needs $100,000 today to fund a $150,000 expansion project 6 years from now. What rate of interest was used in the present value computation?

8.14 percent

6.99 percent

7.82 percent

9.23 percent

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