A company plans to finance a large project that will last 8 years. The company will borrow $300,000 now to finance the project. How much will the company have to received in annual payments for 8 years, provided it will also receive a final lump sum payment after 8 years in the amount of $70,000.
The MARR is 10% per year on this investment.
Round to the nearest whole number.
For units use one of the following: $, $/year, $/month, or %.
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