Question: 10.00 points A 7-year project has an initial fixed asset investment of $11,340, an Inital NWC Investment of $1.080, and an annual OCF of-$17,280. The

 10.00 points A 7-year project has an initial fixed asset investment

10.00 points A 7-year project has an initial fixed asset investment of $11,340, an Inital NWC Investment of $1.080, and an annual OCF of-$17,280. The fixed asset is fully depreclated over the llfe of the project and has no salvage value. Required: If the required return Is 15 percent, what is the project's equivalent annual cost, or EAC? (Do not round your Intermedlate calculations.) o $-17,142.53 O $-19159.30 $20,16769 O $-11,986.58 O $-21176.07 References eBook & Resources Learning Objective: 10-04 How to evaluate the equivalent annual cost of e project Multiple Choice

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