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A 10-year project has an initial fixed asset investment of $10,500, an initial NWC investment of $1,000, and an annual OCF of -$16,000. The fixed
| A 10-year project has an initial fixed asset investment of $10,500, an initial NWC investment of $1,000, and an annual OCF of -$16,000. 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? |
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Thomas Calculus Early Transcendentals
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
13th Edition
9780321884077
