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A project has an initial outlay of $2,064. The project will generate cash flows of $3,626 in Years 1- 7. What is the Equivalent
A project has an initial outlay of $2,064. The project will generate cash flows of $3,626 in Years 1- 7. What is the Equivalent Annual Annuity (EAA) of this project? Assume an interest rate of 8%. Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. If your answer is negative, enter your answer as a negative number rounded off to two decimal points.
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Fundamental Managerial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
7th edition
978-0077632427, 77632427, 78025656, 978-0078025655
