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Calculate the perpetual equivalent annual cost (years 1 to ) of $750,000 now and$975,000, 6 years from now at an interest rate of 8% per

Calculate the perpetual equivalent annual cost (years 1 to ) of $750,000 now and$975,000, 6 years from now at an interest rate of 8% per year.

The perpetual equivalent annual cost is determined to be $.

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