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A project with an initial investment of $400,000 will generate equal annual cash flows over its 10 -year life. The project has a required retum

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A project with an initial investment of $400,000 will generate equal annual cash flows over its 10 -year life. The project has a required retum of 7 percent. What is the minimum annual cash flow required to accept the project? $52,128$49,321$60,834$56,951

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