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A project has the following cash flows. Assume an interest rate of 18%. What is the Equivalent Annual Annuity (EAA)? Year Cash Flow 0 -$1,608

A project has the following cash flows. Assume an interest rate of 18%. What is the Equivalent Annual Annuity (EAA)?

Year	Cash Flow
0	-$1,608
1	$609
2	$1,194
3	$1,018
4	$741

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