A 5-year project has an initial fixed asset investment of $19,740, an initial NWC investment of $1,880, and an annual OCF of -$30,080. The fixed
A 5-year project has an initial fixed asset investment of $19,740, an initial NWC investment of $1,880, and an annual OCF of -$30,080. 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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Authors: Gautam Mitra, Leela Mitra
1st Edition
047066679X, 978-0470666791
