7 Problem 10-29 Calculating EAC (L07) A fiveyear project has an initial fixed asset investment of $345,000, an initial NWC investment of $37,000, and an annual OCF of $36,000. The xed asset is fully depreciated over the life of the project and has no salvage value. lfthe required return is 12%, what is this project's equivalent annual cost, or EAC? (Negative answer should be indicated by a minus Sign. 10 Do not round your intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.) points Equivalent annual cost $ |:| eBook