Siddhivinayak has a life of 11 years, costs $28,560, requires initial NWC of $2,720; and the operating cash flow each year is $43,520. If Siddhivinayak is depreciated over its life and has no salvage value; what is the EAC of Siddhivinayak if the cost of capital is 11 percent?

I

Multiple Choice

• $-27,320.41

• $-41,157.69

• $-48,420.82

• $-50,841.86

• $-45,999.78