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 flow year 2 = $90,000
Cash flow year 3= $60,000
Cash flow year 4= $0
Cash flow year 5= $80,000
a)= $9,454 b)= $9,872 c)= $7,058 d)= $8,520

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Finance Basics: Determine the five-year equivalent annual annuity of the
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