The fixed asset is fully depreciated over the life of the, Financial Management

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The fixed asset is fully depreciated over the life of the

A 5-year project has an initial fixed asset investment of $30,660, an initial NWC investment of $2,920, and an annual OCF of -$46,720. The fixed asset is fully depreciated over the life of the project and has no salvage value.

Required: If the required return is 16 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.)

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Financial Management: The fixed asset is fully depreciated over the life of the

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Financial Management: The fixed asset is fully depreciated over the life of the

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