Question: What is the second step of the EAC process? Multiple choice question. Find the annuity payment that has the same present value as the sum

What is the second step of the EAC process? Multiple choice question.

Find the annuity payment that has the same present value as the sum of the present values of a project's cash flows

Determine the relevant costs of each project

Find the present value of each of a project's cash flows and sum those amounts.

Determine how an asset will be replaced when it wears out.

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