A five-year project has an initial fixed asset investment of $360,000, an initial NWC investment...
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Accounting
A five-year project has an initial fixed asset investment of $360,000, an initial NWC investment of $40,000, and an annual OCF of $39,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 12%, what is this project's equivalent annual cost, or EAC? (Negative answer should be indicated by a minus sign. Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit \$ sign in your response.) Equivalent annual cost $
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