Question: A 5 - year project has an initial fixed asset investment of $ 6 2 2 , 6 0 0 , an initial net working

A 5-year project has an initial fixed asset investment of $622,600, an initial net working capital investment of $14,900, and an annual operating cash flow of -$51,480. The fixed asset is fully depreciated over the life of the project and has no salvage value. The net working capital will be recovered when the project ends. The required return is 12 percent. What is the project's equivalent annual cost, or EAC?
Group of answer choices
-$252,421.87
-$230,674.11
-$234,018.4
-$234,867.92
-$224,786.12

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