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A project with an initial imvestment of $400,000 will generate equal annual cash flows over its 20 -year ife. The project has a required return

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A project with an initial imvestment of $400,000 will generate equal annual cash flows over its 20 -year ife. The project has a required return of 5 percent. What is the minimum annual cash flow required to accept the project? $35,321$34,889$32,097$33,873

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