Expected rate of return, Washington-Pacific (W-P) invests

Expected rate of return

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Reference no: EM131070517

Washington-Pacific (W-P) invests $5 million to buy a tract of land and plant some young pine trees. The trees can be harvested in 11 years, at which time W-P plans to sell the forest at an expected price of $10 million. What is W-P's expected rate of return? Round your answer to two decimal places.

Reference no: EM131070517

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