solve this problemDr. Phillip's Counseling Services is interested in starting a virtual\ counseling service for their clients. This 4-year project has an initial\ asset investment of

$432,424

, and initial net working capital\ investment of

$36,059

, and an annul operating cash flow of\

-$50,835

. The fixed asset is fully depreciated over the life of the\ project and has no salvage value. The net working capital will be\ recovered when the project ends. The required return is 15\ percent. What is the project's equivalent annual cost (EAC) for Dr.\ Phil's project? Enter any cash outflows as negative numbers and\ expected inflows as positive numbers.

Dr. Phillip's Counseling Services is interested in starting a virtual counseling service for their clients. This 4-year project has an initial asset investment of $432,424, and initial net working capital investment of $36,059, and an annual operating cash flow of $50,835. The fixed asset is fully depreciated over the life of the project and has no salvage value. The net working capital will be recovered when the project ends. The required return is 15 percent. What is the project's equivalent annual cost (EAC) for Dr. Phil's project? Enter any cash outflows as negative numbers and expected inflows as positive numbers