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A five-year project has an initial fixed asset investment of $310,000, an initial NWC investment of $30,000, and an annual OCF of -$29,000. The fixed

A five-year project has an initial fixed asset investment of $310,000, an initial NWC investment of $30,000, and an annual OCF of -$29,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. The company has enough operating profit to utilize the tax shield from the investment. If the required return is 11%, what is the projects NPV? What is the equivalent annual cost (EAC)?

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