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( Chapter 8 ) You are asked to compute the approximate equivalent annual annuity of the following deal, given a cost of capital of 5

(Chapter 8) You are asked to compute the approximate equivalent annual annuity of the following deal, given a cost of capital of 5% : Investment at time 0, $150,000. Annual Expense: $90,000. Life of the project: 10 years.
-$104,214
-$76,599
-$109,426
-$65,655
-$87,540
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