The EAC method for evaluating projects applies when the projects have different economic lives.

Name: The EAC method for evaluating projects applies when the projects have different economic lives.
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The Equivalent Annual Cost (EAC) method is used to compare the cost-effectiveness of projects with different lifespans by converting their costs into an equivalent annual amount, making it easier to compare their economic impact over time.

The EAC Method for Evaluating Projects Applies When the Projects