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The cash flow associated with a strip mining operation is expected to be P2,000,000 in year 1, P1,800,000 in year 2, and amounts decreasing by

  1. The cash flow associated with a strip mining operation is expected to be P2,000,000 in year 1, P1,800,000 in year 2, and amounts decreasing by P200,000 per year through 10. At an interest rate of 12% per year, find the equivalent annual cash flow.

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