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A 6-year project has an initial fixed asset investment of $10,080, an initial NWC Investment of $960, and an annual OCF of-$15,360. The fixed asset
A 6-year project has an initial fixed asset investment of $10,080, an initial NWC Investment of $960, and an annual OCF of-$15,360. The fixed asset is fully depreclated over the life of the project and has no salvage value. Required: If the required return is 15 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.) $-19,075.88 O $-17,25913 $-11,45910 O $-15,442.38 0 $-18,167 51
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