(Solved): solve for EAC with excel formula shown  A five-year project has an initial fixed asset investme ...

A five-year project has an initial fixed asset investment of \( \$ 290,000 \), an initial NWC investment of \( \$ 25,000 \), and an annual OCF of \( -\$ 35,000 \). 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? Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel functions to answer this question. Complete the following analysis. Do not hard code values in your calculations. You must use the built-in Excel functions to answer this question.