Merck & Co., Inc. needs $24,034,142 for a new research and development facility to be...
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Accounting
- Merck & Co., Inc. needs $24,034,142 for a new research and development facility to be constructed 10 years from now. The company currently has $5,000,000 to invest in such capital expenditures. At what rate of interest must it invest the $5,000,000 to fund construction of the new facility? (Round to the nearest whole percentage).
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