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A 11-year project has an initial fixed asset investment of $21,840, an initial NWC investment of $2,080, and an annual OCF of -$33,280. The fixed
A 11-year project has an initial fixed asset investment of $21,840, an initial NWC investment of $2,080, and an annual OCF of -$33,280. The fixed asset is fully depreciated over the life of the project and has no salvage value. Required: If the required return is 11 percent, what is the project's equivalent annual cost, or EAC?
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