Question: Equipment is worth $ 2 2 5 , 2 4 3 . It is expected to produce regular cash flows of $ 5 1 ,

Equipment is worth $225,243. It is expected to produce regular cash flows of $51,300 per year for 9 years and a special cash flow of $27,200 in 9 years. The cost of capital is X percent per year and the first regular cash flow will be produced in 1 year. What is X?

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