Question
A project has the following cash flows. Assume an interest rate of 12%. What is the Equivalent Annual Annuity (EAA)? Year 0: Cash Flow -$1,124
A project has the following cash flows. Assume an interest rate of 12%. What is the Equivalent Annual Annuity (EAA)?
Year 0: Cash Flow -$1,124
Year 1: Cash Flow $836
Year 2: Cash Flow $887
Year 3: Cash Flow $708
Year 4: Cash Flow $721
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
