The following two cash flows are said to be economically equivalent at 10% interest. Determine the value of X for the second cash flow series. (a) X = $1,505 (b) X =

The following two cash flows are said to be economically equivalent at 10% interest. Determine the value of X for the second cash flow series.
(a) X = $1,505
(b) X = $1,500
(c) X = $1,197
(d) X = $1,192

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