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What is the EAC (Equivalent Annual Cost) of the following stream of expenses? Assume an interest rate of 12%. Here I want you to evaluate

What is the EAC (Equivalent Annual Cost) of the following stream of expenses? Assume an interest rate of 12%. Here I want you to evaluate all of the costs in determining the EAC, not just the time zero cost.
Period 0: ($50,000)
Period 1: ($30,000)
Period 2: ($40,000)
Period 3: ($30,000)

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