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A project that will last for 9 years is expected to have equal annual cash flows of $ 1 0 0 , 0 0 0

A project that will last for 9 years is expected to have equal annual cash flows of $100,000. If the required return is 8.3 percent, what maximum initial investment would make the project acceptable?
A. $592,281.65
B. $616,970.26
C. $568,178.79
D. $1,264,504.38
E. $530,300.20

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