What is equivalent annual annuity

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Reference no: EM132022006

Project A requires an initial investment of $9,000 at t = 0. Project A is expected to earn annual after-tax cash inflows of $2,500 at the end of each year for five years. The project has a required return of 5%. What is the equivalent annual annuity? Enter your answer rounded off to two decimal points.

Reference no: EM132022006

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