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A project has an initial outlay of $2,166. The project will generate cash flows of $1,058 in Years 1- 6. What is the Equivalent Annual

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A project has an initial outlay of $2,166. The project will generate cash flows of $1,058 in Years 1- 6. What is the Equivalent Annual Annuity (EAA) of this project? Assume an interest rate of 11%. Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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