What is the project equivalent annual cost or EAC

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A 9-year project has an initial fixed asset investment of $20,580, an initial NWC investment of $1,960, and an annual OCF of -$31,360. The fixed asset is fully depreciated over the life of the project and has no salvage value.

Required: If the required return is 12 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.)

$-33,684.75

$-35,457.63

$-30,138.99

$-37,230.51

$-20,991.90

Reference no: EM132023570

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