Feleipes franks is a chain of hot dog stands in gainesville


Feleipe's Franks is a chain of hot dog stands in Gainesville, FL. The owner is looking at a series of different hot dog carts for his business. One of the potential investments would be a 4-year project with an initial asset investment of $30,505, and initial net working capital investment of $3,129, and an annual operating cash flow of -$4,073. 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, or EAC? Enter the amount of the cost as a positive number.

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Financial Management: Feleipes franks is a chain of hot dog stands in gainesville
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