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Assuming infinite replication and a cost of capital of 12 percent, determine the net present value of this project using the Equivalent Annual Annuity approach.

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Assuming infinite replication and a cost of capital of 12 percent, determine the net present value of this project using the Equivalent Annual Annuity approach. Year O 1 2 Cash Flow ($5,000.00) $2,000.00 $1,600.00 $1,400.00 $1,200.00 $1,000.00 3 4 5 $1,066 $896 $740 O $1,450 $1,250

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