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The Harry Hines Medical Center needs to decide between two projects with different lives. Project A has a $20,000 initial cost, a useful life of

The Harry Hines Medical Center needs to decide between two projects with different lives. Project A has a $20,000 initial cost, a useful life of 5 years, and a net present value of $1,000. What is the Equivalent Annual Annuity (EAA) value of Project A using a 12% discount rate?

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$277

$5,548

$1,762

$11,349

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