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5.) What is the equivalent annual cost for a project that requires a $30,000 investment at time zero, and a $10,000 annual expense during each
5.) What is the equivalent annual cost for a project that requires a $30,000 investment at time zero, and a $10,000 annual expense during each of the next 4 years, if the opportunity cost of capital is 10%?
A. $16,768.92
B. $19,463.92
C. $22,618.83
D. $23,437.66
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