Answer the following question
Two mutually exclusive projects are being considered by a company. Both require an initial investment of $12,000 which will yield equal annual cash flows over their 10-year lives.
At a capital cost of 12%, what would be the minimum annual cash flow or break-even cash inflow?
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.