Question: a high - tech company in San Diego, whose stock trades on the NYSE exchange, uses a MARR of 3 2 % per year. If

a high-tech company in San Diego, whose stock trades on the NYSE exchange, uses a MARR of 32% per year. If the chief financial officer (CFO) said the company expects to make a real rate of return of 21.7% per year on its investments over the next 8-year period, what is the company expecting the annual inflation rate to be over that time period?

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