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What is the project equivalent annual cost

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Reference no: EM132271930

A 4-year project has an initial fixed asset investment of $17,640, an initial NWC investment of $1,680, and an annual OCF of -$26,880. The fixed asset is fully depreciated over the life of the project and has no salvage value.

Required: If the required return is 10 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.)

Reference no: EM132271930

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