A 7-year project has an initial fixed asset investment of $38,640, an initial NWC investment of $3,680, and an annual OCF of -$58,880. 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?(Do not round your intermediate calculations.)

rev: 09_18_2012

$-73,506.71

$-66,506.07

$-37,060.34

$-59,505.43

$-70,006.39