Question: A new computer system will require an initial outlay of $16,000, but it will increase the firms cash flows by $3,200 a year for each

A new computer system will require an initial outlay of $16,000, but it will increase the firms cash flows by $3,200 a year for each of the next 8 years.
How high can the discount rate be before you would reject the project? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

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