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A project requires a $10,000 initial investment and generates $3,000 annual profit for 8 years. Assume the required rate of return is 12%. Find the

A project requires a $10,000 initial investment and generates $3,000 annual profit for 8 years. Assume the required rate of return is 12%. Find the EEA of this project. $987 $613 $399 $0

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