Question: value 12.50 points Problem 10-16 Calculating EAC [LO4 A five-year project has an initial fixed asset investment of $305.000, an initial NWC investment of $29,000,
value 12.50 points Problem 10-16 Calculating EAC [LO4 A five-year project has an initial fixed asset investment of $305.000, an initial NWC investment of $29,000, and an annual OCF of -$28,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 10 percent, what is this project's equivalent annual cost, or EAC? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) Equivalent annual cost
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