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Calculating EAC A five-year project has an initial fixed asset investment of$8,200,000, an initial NWC investment of $752,000 and an annual OCF of $1,120,000.The fixed

Calculating EAC
A five-year project has an initial fixed asset investment of$8,200,000, an initial NWC investment of $752,000 and an annual OCF of $1,120,000.The fixed asset is fully depreciated over the life of the project and has no salvagevalue. If the required return is 15 percent, what is this projects equivalent annualcost, or EAC?

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