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You work for TeamCo. and you have been assigned the task to evaluate a new project that requires an initial investment of $90,400, has a

You work for TeamCo. and you have been assigned the task to evaluate a new project that requires an initial investment of $90,400, has a life of 9 years, and equal annual cash inflows. The required return is 8.4 percent. According to the profitability index decision rule, what is the minimum annual cash flow necessary to accept the project?

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