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k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r XVEZIP MRXIVREXMSREP JPMKLXW PSGEP XVMTW XVSYFPIWLSSXMRK XMTW YRMZIVWEP WIVMEP FYW 97& YXMPMX] QIHME EGGIWW SR MRHMGEXSV QIQSV] MRWXEPPMRK r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