Question: A project that will last for 12 years is expected to have equal annual cash flows of $99,100. If the required return is 8 percent,
A project that will last for 12 years is expected to have equal annual cash flows of $99,100. If the required return is 8 percent, what maximum initial investment would make the project acceptable?
Multiple Choice
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$660,306.60
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$746,825.33
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$1,880,633.23
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$709,627.87
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$707,471.36
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