Question: Given the following two mutually exclusive projects, calculate the equivalent annual annuity for project Y. Assume a required rate of return of 10%. (Round to

Given the following two mutually exclusive projects, calculate the equivalent annual annuity for project Y. Assume a required rate of return of 10%. (Round to 3 decimals)

Year	Project X	Project Y
0	-500	-600
1	320	300
2	320	300
3	320	300
4		300

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