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A project has the following cash flows. Assume an interest rate of 4%. What is the Equivalent Annual Annuity (EAA)? Year Cash Flow 0 -$1,748

A project has the following cash flows. Assume an interest rate of 4%. What is the Equivalent Annual Annuity (EAA)?

Year Cash Flow
0 -$1,748
1 $1,069
2 $1,175
3 $809
4 $501

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

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