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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A five-year project has an initial fixed asset investment of $325,000, an initial NWC investment of $33,000, and an annual OCF of ?$32,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 11 percent, what is this project's equivalent annual cost, or EAC? Do not round intermediate calculations and round your final answer to 2 decimal places
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