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A five-year project has an initial fixed investment of $335,000, an initial NWC investment of $24,000, and an annual OCF of - $39,000. The fixed

A five-year project has an initial fixed investment of $335,000, an initial NWC investment of $24,000, and an annual OCF of - $39,000. The fixed asset is full depreciated over the life of the project and has no salvage value. If the required return is 10%, what is the project's equivalent annual cost, or EAC? You must show the steps.

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