Question
A project has the following cash flows: CF0 = -779,000; CF1 = -73,000; CF2 = -49,000; CF3 = -44,000. If the cost of capital is
A project has the following cash flows: CF0 = -779,000; CF1 = -73,000; CF2 = -49,000; CF3 = -44,000. If the cost of capital is 8%, what is the project's equivalent annual annuity (EAA)? Round your answer to the nearest dollar. Be sure to enter a negative sign (-) if your answer is a negative number.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077400163
