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A five-year project has an initial fixed asset investment of $345,000, an initial NWC investment of $37,000, and an annual OCF of $36,000. The fixed

A five-year project has an initial fixed asset investment of $345,000, an initial NWC investment of $37,000, and an annual OCF of $36,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 12%, what is this projects equivalent annual cost, or EAC?

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