Question
A project has an initial outlay of $529. The project will generate cash flows of $242 in Years 1-3 and cash flows of $381 in
A project has an initial outlay of $529. The project will generate cash flows of $242 in Years 1-3 and cash flows of $381 in Years 4-6. What is the equivalent annual annuity (EAA) of this project? Assume an interest rate of 21%.
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Public Finance And Public Policy
Authors: Jonathan Gruber
6th Edition
1319105254, 9781319105259
