A project with an initial investment of $452,900 will generate equal annual cash flows over...
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Accounting
A project with an initial investment of $452,900 will generate equal annual cash flows over its 9-year life. The project has a required return of 8.8 percent. What is the minimum annual cash flow required to accept the project?
$69,501.67
$85,634.37
$81,220.17
$74,930.07
$71,898.28
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