An asset has a 4-year life and a sum of present values (NPV) of cash flows of -$46,900. The discount rate is 12 percent. How is the equivalent annuity payment, or EAC, computed? Multiple choice question.

N = 4, I = 12, PMT = 46,900, FV = 0,

CPT PV N = 4, I = 12, PV = 46,900,

FV = 0, CPT PMT N = 4,

I = 12, PV = 46,900, PMT