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A project with an initial investment of $ 4 4 4 , 5 0 0 will generate equal annual cash flows over its 1 0

A project with an initial investment of $444,500 will generate equal annual cash flows over its 10-year life. The project has a required return of 8.5 percent. What is the minimum annual cash flow required to accept the project?
Multiple Choice
$77,423.11
$64,757.39
$67,745.22
$62,598.81
$72,641.84
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