Question
A project has an initial outlay of $2,759. The project will generate cash flows of $709 in Years 1-5. What is the Equivalent Annual Annuity
A project has an initial outlay of $2,759. The project will generate cash flows of $709 in Years 1-5. What is the Equivalent Annual Annuity (EAA) of this project? Assume an interest rate of 14%.
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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Contemporary Financial Management Fundamentals
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
1st Edition
0324015771, 9780324015775
