Indifferent between accepting the project and rejecting it

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A project that provides annual cash flows of $18,300 for ten years costs $89,000 today. It has a required rate of return at 9% At what discount rate would you be indifferent between accepting the project and rejecting it? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)?

Reference no: EM131185430

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