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A project with a life of 12 has an initial fixed asset investment of $44,100, an initial NWC investment of $4,200, and an annual OCF
| A project with a life of 12 has an initial fixed asset investment of $44,100, an initial NWC investment of $4,200, and an annual OCF of $67,200. The fixed asset is fully depreciated over the life of the project and has no salvage value. |
| If the required return is 15 percent, what is the project's equivalent annual cost, or EAC? |
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