Question: A project that will last for 7 years is expected to have equal annual cash flows of $110,400. If the required return is 11.9% percent,

A project that will last for 7 years is expected to have equal annual cash flows of $110,400. If the required return is 11.9% percent, what maximum initial investment would make the project acceptable?

Please demonstrate using functions on calculator, as well as excel. Please do not round until the answer.

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