Question: A 11-year project has an initial fixed asset investment of $17,640, an initial NWC investment of $1,680, and an annual OCF of -$26,880. The fixed

A 11-year project has an initial fixed asset investment of $17,640,

A 11-year project has an initial fixed asset investment of $17,640, an initial NWC investment of $1,680, and an annual OCF of -$26,880. The fixed asset is fully depreciated over the life of the project and has no salvage value. Required: If the required return is 15 percent, what is the project's equivalent annual cost, or EA (Do not round your intermediate calculations.)

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