$19.$ A project with a life of $12$ has an initial fixed asset investment of $$34,860,$ an initial NWC investment of $$3,320,$ and an annual OCF of $$$$53,120.$ The fixed asset is fully depreciated over the life of the project and has no salvage value.

If the required return is $10$ percent, what is the project's equivalent annual cost, or EAC?

Multiple Choice

$$-49,782\mathrm{.}94$

$$-58,568\mathrm{.}17$

$$-55,639\mathrm{.}76$

$$-61,496\mathrm{.}58$

$$-33,255\mathrm{.}45$