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A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $40,000 and additional payments of

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A security company offers to provide CCTV coverage for a parking garage for ten years for an initial payment of $40,000 and additional payments of $30,000 per year. What is the equivalent annual annuity of this deal, given a cost of capital of 9% ? A. $28,986 B. $21,740 C. $36,233 D. $25,363

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