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A companys weighted average cost of capital is 10.9% per year. A project requires a capital investment of $26,000 today and the associated operating costs

A companys weighted average cost of capital is 10.9% per year. A project requires a capital investment of $26,000 today and the associated operating costs will be $11,000 per year for seven years. What is the equivalent annual annuity of the projects costs?

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