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Return to question 2 Cisco, Inc., has a proposal from the Engineering Planning Division to invest Cisco retained earnings in the design, testing, and development

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Return to question 2 Cisco, Inc., has a proposal from the Engineering Planning Division to invest Cisco retained earnings in the design, testing, and development of the next generation of smart grids useful in the Internet of Things (IoT) environment. The initial Investment projection is $4,300,000 in year 0, $2,000,000 in year 6, and $93,231 in years 11 and beyond. At 1= 11% per year, calculate the infinite-life equivalent annual cost In years o through Infinity of the proposal. 10 points The Infinite-Ilfe equivalent annual cost is determined to be $ -10447392.16

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