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A project has the following cash flows. Assume an interest rate of 7%. What is the Equivalent Annual Annuity (EAA)? YearCash Flow 0-$1,668 1 $422

A project has the following cash flows. Assume an interest rate of 7%. What is the Equivalent Annual Annuity (EAA)?

YearCash Flow

0-$1,668

1 $422

2 $1,104

3 $1,127

4 $693

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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