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A project has an initial cost of $94,000, a life of 9 years, and equal annual cash inflows. The required return is 9.6 percent. According

A project has an initial cost of $94,000, a life of 9 years, and equal annual cash inflows. The required return is 9.6 percent. According to the profitability index decision rule, what is the minimum annual cash flow necessary to accept the project?

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