Question: 5.) What is the equivalent annual cost for a project that requires a $30,000 investment at time zero, and a $10,000 annual expense during each

5.) What is the equivalent annual cost for a project that requires a $30,000 investment at time zero, and a $10,000 annual expense during each of the next 4 years, if the opportunity cost of capital is 10%?

A. $16,768.92

B. $19,463.92

C. $22,618.83

D. $23,437.66

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