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A firm is evaluating a 12-year project that costs $120,000 and has annual net cash flows of $16,500 per year. The firm's cost of capital

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A firm is evaluating a 12-year project that costs $120,000 and has annual net cash flows of $16,500 per year. The firm's cost of capital is 11%. What is the equivalent annual annuity of this project? $1,717 $12,876 $1,983 -$1,073 -$34,983

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