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Calculate the perpetual equivalent annual cost (years 1 to ) of $900,000 now and$975,000, 7 years from now at an interest rate of 11% per

Calculate the perpetual equivalent annual cost (years 1 to ) of $900,000 now and$975,000, 7 years from now at an interest rate of 11% per year.

The perpetual equivalent annual cost is determined to be $

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