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Project A requires an initial investment of $7,500 at t = 0.Project A has an expected life of 4 years with cash inflows of $5,000,
Project A requires an initial investment of $7,500 at t = 0.Project A has an expected life of 4 years with cash inflows of $5,000, $4,500, $900, $2,000 at the end of Years 1, 2, 3, and 4 respectively.The project has a required return of 15%.What is the equivalent annual annuity?
Enter your answer rounded off to two decimal points.
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