Determine the five-year equivalent annual annuity of the


Determine the five-year equivalent annual annuity of the following project if the appropriate discount rate is 16%

Initial outflow $150,000

Cash flow year 1= $40,000

Cash floe year 2=$90,000

Cash flow year 3=$60,000

Cash flow year 4=$0

Cash flow year 5=$80,000

A. $9872

B. $8520

C. $7058

D. $9454

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Financial Management: Determine the five-year equivalent annual annuity of the
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