[Solved] A project has an initial outlay of $2,628

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A project has an initial outlay of $2,628. The project will generate cash flows of $612 in Years 1-6. What is the Equivalent Annual Annuity

A project has an initial outlay of $2,628. The project will generate cash flows of $612 in Years 1-6. What is the Equivalent Annual Annuity (EAA) of this project? Assume an interest rate of 13%.

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