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Discount Rate Reinvest Rate CF 0 CF 1 CF 2 CF 3 CF 4 CF 5 7% 3% (5,000) 1,000 2,000 (4,000) 3,000 6,000 During
| Discount Rate | Reinvest Rate | CF0 | CF1 | CF2 | CF3 | CF4 | CF5 |
| 7% | 3% | (5,000) | 1,000 | 2,000 | (4,000) | 3,000 | 6,000 |
During a Capital Budgeting process, a project's annual cash flows were estimated as above. This project's Equivalent Annual Annuity EAA is $________.[TWO-decimal places]
Instructions: You do not need to show work. Just calculate this and type your answer in the box below. Your number format should be a number to TWO-decimal places. For example, 543.12 would be acceptable, while 543.1234 and 543.123 and 543.1 would be auto-graded incorrectly.
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