Bullette Land Sharks Co. is considering a four-year project whose cost cash flows are given here. The annual operating costs were $6,300 each year. The initial increase in net working capital (NWC) is $1,800. The capital cost in year zero is $20,400; this asset will depreciate straight-line to zero over the four year life of the project and sell for $2,400 at the end of year four. The corporate tax rate is 21% with a required return of 33%. What is the effective annual cost (EAC) for this project? $14,100.15 $43,190.05 $29,100.00 $8,718.36 $32,591.87 points Save Answer Lycanthropy Creams and Ointments Inc. is considering a four-year drug trial project. The initial cost is 51.37 million. The cash inflows will be $400,012, 5518,879, 5797,107, and $1,095,966 in years 1 through 4, respectively. If the company requires a 10return on its investment, what is the discounted payback period? 3.12 years 2.50 years does not payback 4 years 2.96 years