What is the project equivalent annual cost

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A 11-year project has an initial fixed asset investment of $30,240, an initial NWC investment of $2,880, and an annual OCF of -$46,080. The fixed asset is fully depreciated over the life of the project and has no salvage value.

Required:

If the required return is 19 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.)

 

Reference no: EM13292746

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