Project Cost 500 000 Benefits Estimated 50 000 Maintenance Cost 5000 Pa Project S Life Pla Q29663429

A project will cost £500,000. Its benefits are estimated to be£50,000 and maintenance cost is £5000 pa. The project’s life isplanned for 15 years and its scrap value will be £15,000. At adiscount rate of 8% what is the equivalent annual value (EAV) tothe nearest £10?