Question: #7. Project A is one of three mutually exclusive projects with a required return of 13%. The project has an initial outlay of $35,678 and

#7. Project A is one of three mutually exclusive projects with a required return of 13%. The project has an initial outlay of $35,678 and with net cash flows of $10,354 each year over its 5yr life. Calculate the equivalent annual annuity of project A.

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