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A project that will last for 9 years is expected to have equal annual cash flows of $98,200. If the required return is 7.7 percent, what maximum initial investment would make the project acceptable? Multiple Choice $570,801.74 $595,982.10 $532,748.29 $1,211,024.34 $621,171.53

A project that will last for 9 years is expected to have equal annual cash flows of $98,200. If the required return is 7.7 percent, what maximum initial investment would make the project acceptable? Multiple Choice $570,801.74 $595,982.10 $532,748.29 $1,211,024.34 $621,171.53

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A project that will last for 9 years is expected to have equal annual cash flows of $98,200. If the required return is 7.7 percent, what maximum initial investment would make the project acceptable? Multiple Choice $570,801.74 $595,982.10 $532,748.29 $1,211,024.34 $621,171.53
Transcribed Image Text:A project that will last for 9 years is expected to have equal annual cash flows of $98,200. If the required return is 7.7 percent, what maximum initial investment would make the project acceptable? Multiple Choice $570,801.74 $595,982.10 $532,748.29 $1,211,024.34 $621,171.53
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