Discover the answers to your questions at Westonci.ca, where experts share their knowledge and insights with you. Discover comprehensive answers to your questions from knowledgeable professionals on our user-friendly platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

A 10-year project has an initial fixed asset investment of $42,420, an initial NWC investment of $4,040, and an annual OCF of -$64,640. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 9 percent, what is the project's equivalent annual cost, or EAC?