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PLEASE HELP! A project has an initial outlay of $2,411. The project will generate cash flows of $6,562 in Years 1-4. What is the Equivalent

PLEASE HELP!

A project has an initial outlay of $2,411. The project will generate cash flows of $6,562 in Years 1-4. What is the Equivalent Annual Annuity (EAA) of this project? Assume an interest rate of 4%.

Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. If your answer is negative, enter your answer as a negative number rounded off to two decimal points.

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