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A four-year project requires an initial investment of $165,000 in fixed assets plus $25,000 in net working capital. The project has after-taxconts of $14,500. The

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A four-year project requires an initial investment of $165,000 in fixed assets plus $25,000 in net working capital. The project has after-taxconts of $14,500. The assets belong in a 20% CCA class and will have no salvage value. What is the project's equivalent annual cont if the required return is 14% and the firm's tax rate is 34% ? a. $63,998 b. $159,418 c. $186,474 d. $201,011 e. $232,249

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