What is the project equivalent annual cost

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A 9-year project has an initial fixed asset investment of $38,640, an initial NWC investment of $3,680, and an annual OCF of -$58,880. The fixed asset is fully depreciated over the life of the project and has no salvage value.

Required: If the required return is 18 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.)

Which is the correct answer:

$-71,948.24 

$-65,096.03 

$-58,243.82 

$-68,522.14 

$-32,761.36

Reference no: EM131669390

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