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What is the equivalent annual cost for a project that requires a $30,000 investment at...

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What is the equivalent annual cost for a project that requires a $30,000 investment at time period zero, and a $8,000 annual expense during each of the next 4 years, if the opportunity cost of capital is 10 percent? $20,000.00 $17,464.12 $22,618.83 $23,237.15

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