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Zozan Corp. is considering a five - year project with an initial fixed asset investment of $ 4 0 0 , 0 0 0 ,

Zozan Corp. is considering a five-year project with an initial fixed asset investment of $400,000, an initial NWC investment of $35,000, and an annual OCF of -$32,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 13%, what is this project's equivalent annual cost, or EAC? (Do not round intermediate transactions. Round your final answer to the closest 2 decimals. Do not use the $ sign. If your answer is $1234.56, then enter 1234.56)
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