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Business, 03.08.2021 20:20 russboys3

A project with an initial investment of $451,700 will generate equal annual cash flows over its 8-year life. The project has a required return of 8.9 percent. What is the minimum annual cash flow required to accept the project? A. $78,304.43
B. $89,447.58
C. $92,922.91
D. $75,694.28
E. $81,307.55

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