Question: I am working on the Chapter 6 mini case from the Principles of Corporate Finance (11th ed.) by Brealey, Myers and Allen (ISBN 978-0-07-803476-3). Textbook

I am working on the Chapter 6 mini case from the Principles of Corporate Finance (11th ed.) by Brealey, Myers and Allen (ISBN 978-0-07-803476-3). Textbook solutions from Chegg indicate a inflation rate of 13.78%. However, it was not explained how the 13.78% inflation rate was calculated. Are you able to assist?

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