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14 A project has an initial cost of $93,400, a life of 7 years, and equal annual cash inflows. The required return is 9.4 percent.

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14 A project has an initial cost of $93,400, a life of 7 years, and equal annual cash inflows. The required return is 9.4 percent. According to the profitability index decision rule, what is the minimum annual cash flow necessary to accept the project

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