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A project with a life of 7 has an initial fixed asset investment of $19,320, an initial NWC investment of $1,840, and an annual OCF

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A project with a life of 7 has an initial fixed asset investment of $19,320, an initial NWC investment of $1,840, and an annual OCF of -$29,440. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 9 percent, what is the project's equivalent annual cost, or EAC? Multiple Choice $-31,772.09 $-28,427.66 $-24,046.23 $-35,116.52 $-33,444.30

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