Question: A project that will last for 10 years is expected to have equal annual cash flows of $103,900. If the required return is 8.4 percent,

A project that will last for 10 years is expected to have equal annual cash flows of $103,900. If the required return is 8.4 percent, what maximum initial investment would make the project acceptable?

A)$655,213.49

B)$595,833.43

C) $684,772.10

D)1,534,047.75

E)$638,392.96

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