Question: Cisco, Inc., has a proposal from the Engineering Planning Division to invest Cisco retained eamings in the design, testing, and development of the next generation
Cisco, Inc., has a proposal from the Engineering Planning Division to invest Cisco retained eamings in the design, testing, and development of the next generation of smart grids useful in the Internet of Things (10T) environment. The initial investment projection is $4700000 in year 0,$1200000 in year 5.00 , and $122260 in years 11 and beyond. At i=1200% per year, calculate the infinite equivalent annual cost in years 0 through infinity of the proposal. The infinite-life equivalent annual cost is determined to be S
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