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Your retired client has accumulated investment and retirement assets totaling $9,721,000 and is happy with an after-tax lifestyle of $313,000 a year. He is going

Your retired client has accumulated investment and retirement assets totaling $9,721,000 and is happy with an after-tax lifestyle of $313,000 a year. He is going to spend this amount every year forever. Leaving aside issues of inflation, what should his after-tax current yield be to covers his cost of living

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