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Yogurt City is considering a project that has the following cash flows (in $ thousands): CF 0 = $126; CF 1 = $36; CF 2
Yogurt City is considering a project that has the following cash flows (in $ thousands): CF0 = $126; CF1 = $36; CF2 = $53; CF3 = $71; and CF4 = $94. The appropriate discount rate for this type of project is 6%. Because it is evaluating several other projects, all of which are mutually exclusive, what would be the EAA (equivalent annual annuity) associated with this project for use in comparisons to other projects? Present your answer in thousands, rounded to one decimal place (e.g., 4.5).
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