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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