Question: Saved Help Save A 11-year project has an initial fixed asset investment of $23,520, an initial NWC investment of $2,240, and an annual OCF of

 Saved Help Save A 11-year project has an initial fixed asset

Saved Help Save A 11-year project has an initial fixed asset investment of $23,520, an initial NWC investment of $2,240, and an annual OCF of -$35,840. The fixed asset is fully depreciated over the life of the project and has no salvage value. Required: If the required return is 20 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.)

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