FINANCE 4010- Harvin’s Pharmas, a drug store chain with 12 locations in Gainesville

Harvin’s Pharmas, a drug store chain with 12 locations in Gainesville, FL and Minneapolis, MN, is interested in placing automatic aspirin dispensers in their stores for chronic headache sufferers. This 4-year project has an initial asset investment of $306,419, and initial net working capital investment of $27,385, and an annual operating cash flow of -$47,039. The fixed asset is fully depreciated over the life of the project and has no salvage value. The net working capital will be recovered when the project ends. The required return is 15 percent. What is the project’s equivalent annual cost, or EAC? Enter any cash outflows as negative numbers and expected inflows as positive numbers. 

 

Looking for a Similar Assignment? Let us take care of your classwork while you enjoy your free time! All papers are written from scratch and are 100% Original. Try us today! Use Code FREE15