Question
A project has an initial outlay of $2,409. The project will generate cash flows of $974 in Years 1-4. What is the Equivalent Annual Annuity
A project has an initial outlay of $2,409. The project will generate cash flows of $974 in Years 1-4. 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. If your answer is negative, enter your answer as a negative number rounded off to two decimal points.
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Fundamentals Of Multinational Finance
Authors: Michael Moffett
6th Global Edition
1292215216, 978-1292215211
