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A project has an initial cost of $91,908, and promises to pay a fixed cash flow per year for 3 years. It has been determined
A project has an initial cost of $91,908, and promises to pay a fixed cash flow per year for 3 years. It has been determined that using a discount rate of 10.4 percent, its net present value is $111,809. What must be the expected annual cash flow
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