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A project with an initial investment of $433,700 will generate equal annual cash flows over its 9-year life. The project has a required return of 7.6 percent. What is the minimum annual cash flow required to accept the project?
a) $74,328.50 b) $65,438.88 c) $78,029.88 d) $68,276.15 e) $63,257.58
Sagot :
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