What is the eac of the filtrate plus

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As part of the Clean Air Act, you need to upgrade one of your filtration systems. You have two options. 'Filtrate Plus' has an NPV of -$50,000 and a useful life of 5 years. 'Ultra Filter' has a useful life of 4 years and an NPV of -$40,000. If the rate of return is 14%, what is the EAC (equivalent annual cost) of the 'Filtrate Plus'?

Reference no: EM132481790

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