Question: A project that will last for 11 years is expected to have equal annual cash flows of $102,400. If the required return is 8.9 percent,

A project that will last for 11 years is expected to have equal annual cash flows of $102,400. If the required return is

A project that will last for 11 years is expected to have equal annual cash flows of $102,400. If the required return is 8.9 percent, what maximum initial investment would make the project acceptable? Multiple Choice $668,167.21 $616,065.96 $700,156.73 O $660,070.67 $1,788,553.53

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