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PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU! After calculating the Equivalent Annual Annuity ... Type the equivalent-annual-annuity of the project you would

PLEASE EXPLAIN HOW TO SOLVE USING EXCEL ONLY, THANK YOU!image text in transcribed

After calculating the Equivalent Annual Annuity ... Type the equivalent-annual-annuity of the project you would choose (A or B) ? ..... Assume the discount rate is 5%. Hint: Use five years for Project A and two years for Project B as the life of the EAA (Assumption: Projects are renewable indefinitely). Round your answer to the nearest two decimals if needed. Do not type the \$ symbol

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