Equivalent annual worth of a project with an initial cost

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Reference no: EM131098692

Which of the following is closest to the equivalent annual worth of a project with an initial cost of $200,000, annual costs of $35,000, annual revenues of $95,000 and a salvage value of $10,000 after 7 years? Assume an interest rate of 10% per year.

A. $15,600

B. $20,000

C. $23,020

D. $28,500

Reference no: EM131098692

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