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What is the equivalent annual annuity of the project

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Question 1: A project has an initial outlay of $784. The project will generate cash flows of $206 in Years 1-3 and cash flows of $220 in Years 4-6. What is the equivalent annual annuity (EAA) of this project? Assume an interest rate of 10%. Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

Reference no: EM132889456

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