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Elona bought the Pretty Face Boutique for R120 000. Her estimated cash inflows f...

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Elona bought the Pretty Face Boutique for R120 000. Her estimated cash inflows for the next five years are R15 000, R28 000, R42 000, R35 000 and R40 000, respectively.

If the NPV equals R4 500, then the cost of capital (to two decimal places) is

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