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Determine the five-year equivalent annual annuity of the following project if the appropriate discount rate is 16% Initial outflow $150,000 Cash flow year 1= $40,000
Determine the five-year equivalent annual annuity of the following project if the appropriate discount rate is 16%
Initial outflow $150,000
Cash flow year 1= $40,000
Cash floe year 2=$90,000
Cash flow year 3=$60,000
Cash flow year 4=$0
Cash flow year 5=$80,000
A. $9872
B. $8520
C. $7058
D. $9454
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