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A project has an initial outlay of $832. The project will generate cash flows of $297 in Years 1-3 and cash flows of $213 in
A project has an initial outlay of $832. The project will generate cash flows of $297 in Years 1-3 and cash flows of $213 in Years 4-6. 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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