A five - year project has an initial fixed asset investment of $290 , 000 , an initial NWC 3 investment of $25 , 000 , and an annual OCF of - $35 ,

A five - year project has an initial fixed asset investment of $290 , 000 , an initial NWC3investment of $25 , 000 , and an annual OCF of - $35 , 000 . The fixed asset is fullydepreciated over the life of the project and has no salvage value . If the requiredreturn is 1 1 percent , what is this project's equivalent annual cost , or EAC ?4Initial fixed asset investment $290, 000Initial NWC investment$25, 000\00 "Annual OCF( 35 , 000 )Required return17 %10* Depreciation staight - line11over life5121314Complete the following analysis . Do not hard code values in your calculations*You must use the built-in Excel functions to answer this question .1516Cash flows17Year O18Year !ADEFGHIJYear 2Year 3Year 4Year 5UP UPNPV26EAC