Expected annual rate of return on the project

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Mergenthaler Technologies plans to invest $4 million right now, and $750,000 a year at the end of each of the next two years, in a top-secret project. They expect to complete the project in three years, at which point they expect to sell the results of the project to Google for $18 million. What is Mergenthaler's expected annual rate of return on the project?

Reference no: EM131647254

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