Question: A project that will last for 10 years is expected to have equal annual cash flows of $98,500. If the required return is 7.8 percent,

A project that will last for 10 years is expected to have equal annual cash flows of $98,500. If the required return is 7.8 percent, what maximum initial investment would make the project acceptable?

a) $620,468.96

b) $579,104.36

c) $637,742.44

d) $666,947.08

e) $1,413,445.24

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