A 11-year project has an initial fixed asset investment of $14,700, an initial NWC investment of $1,400, and an annual OCF of -$22,400. The fixed asset is fully depreciated over the life of the project and has no salvage value. Required: If the required return is 17 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.) rev: 09_18_2012 $-26,961.31 $-11,289.70 $-24,393.57 $-21,825.83 $-25,677.44