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Rochester Inc. is considering an investment project that will require an initial investment of CF0 = -$100,000. The project will bring in positive cashflows for

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Rochester Inc. is considering an investment project that will require an initial investment of CF0 = -$100,000. The project will bring in positive cashflows for 4 years, with CF1 =CF1 =CF3 =CF4 =$32,500. The company will use a discount rate of 7%. What is the equivalent annual annuity of the project? (10 points)

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