A project that provides annual cash flows of 10857 for


A project that provides annual cash flows of $10857 for eight years costs $76853 today.

At what discount rate would you be indifferent between accepting the project and rejecting it?

(Enter your answer as a percentage, omit the "%" sign in your response, and round your answer to 2 decimal places. For example, 0.12345 or 12.345% should be entered as 12.35.)

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Financial Management: A project that provides annual cash flows of 10857 for
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