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A 1 0 - year project has an initial fixed asset investment of $ 4 2 , 4 2 0 , an initial NWC investment
A year project has an initial fixed asset investment of $ an initial NWC investment of $ and an annual OCF of $ The fixed asset is fully depreciated over the life of the project and has no salvage value.
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If the required return is percent, what is the project's equivalent annual cost, or EAC?
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