Question
A project with an initial investment of $446,900 will generate equal annual cash flows over its 8-year life. The project has a required return of
A project with an initial investment of $446,900 will generate equal annual cash flows over its 8-year life. The project has a required return of 8.7 percent. What is the minimum annual cash flow required to accept the project?
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$91,251.78
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$76,884.10
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$87,902.91
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$74,321.30
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$79,845.31
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Forensic And Investigative Accounting
Authors: Crumbley D. Larry, Fenton Edmund D., Jr. Smith G. Stevenson
9th Edition
0808053221, 9780808053224
