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1. You are considering a project that needs $50,000 investment to start. This is a 5 year project and you are expecting that the project

1. You are considering a project that needs $50,000 investment to start. This is a 5 year project and you are expecting that the project generates annual cash flows after taxes of $10,000, $50,000, $90,000, $20,000 and -$30,000 respectively. What is the EAA of this project if the required rate of return is 8%? Round to the penny. Do not include the dollar sign. If there are multiple answers, then type NA.

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