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What is the equivalent annual worth of a 20-year project that has a $2 million initial cost, annual operating costs of $62,760 and annual benefits
What is the equivalent annual worth of a 20-year project that has a $2 million initial cost, annual operating costs of $62,760 and annual benefits of $269,081? Assume a discount rate of 5.4%.
Enter your answer in the box below in units of $.
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