Question: 1 0 ) 1 0 points A five - year project has an initial fixed asset investment of $ 6 1 3 , 6 0

10)10 points A five-year project has an initial fixed asset investment of $613,600, an initial net working capitalinvestment of $22,200, and an annual operating cash flow of -$76,540. The fixed asset is fully depreciated overthe life of the proiect and has no salvage value. The net working capital will be recovered when the project endsThe required return is 11.7 percent. What is the project's equivalent annual cost, or EAC?A)-$248,092.76B)-$182.309.18C)-$147,884.01D)-$235.490.58E)-$242,212.22
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