Equivalent annual annuity for the project


Mack's Mild Lemonade has taken a five year project with an NPV of $4,500. If the discount rate on the project is 12 percent, then what is the equivalent annual annuity for the project?

$4,500

$1,500

$1,248

None of the above.

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Finance Basics: Equivalent annual annuity for the project
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