Question: A project that will last for 11 years is expected to have equal annual cash flows of $104,800. If the required return is 8.1 percent,

 A project that will last for 11 years is expected to

A project that will last for 11 years is expected to have equal annual cash flows of $104,800. If the required return is 8.1 percent, what maximum initial investment would make the project acceptable? Multiple Choice $709,826.05 $700,05569 $1,753,779.38

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