A 11-year project has an initial fixed asset investment of $30,240, an initial NWC investment of $2,880, and an annual OCF of -$46,080. The fixed asset is fully depreciated over the life of the project and has no salvage value. Required: If the required return is 19 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.) A $-56,035.79 B $-50,699.05 C $-45,362.31 D $-21,766.63 E $-53,367.42