Question: A 1 0 - year project has an initial fixed asset investment of $ 4 2 , 4 2 0 , an initial NWC investment

A 10-year project has an initial fixed asset investment of $42,420, an initial NWC investment of $4,040, and an annual OCF of -$64,640. The fixed asset is fully depreciated over the life of the project and has no salvage value.
Required:
If the required return is 9 percent, what is the project's equivalent annual cost, or EAC?

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