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A 9-year project has an initial fixed asset investment of $43,680, an initial NWC investment of $4,160, and an annual OCF of -$66,560. The fixed
A 9-year project has an initial fixed asset investment of $43,680, an initial NWC investment of $4,160, and an annual OCF of -$66,560. 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 $-36,009.12 $-77,842.00 $-81,734.10 $-73,949.90 $-66,165.70
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