A 7-year project has an initial fixed asset investment of $8,820, an initial NWC investment of $840, and an annual OCF of $13,440. The fixed asset is fully depreciated over the life of the project and has no salvage value. Required: If the required return is 16 percent, what is the project's equivalent annual cost, or EAC? (Do not round your intermediate calculations.) Multiple Choice $13,394.59 $9,091.59 $15,758.34 $14,970.43 $16,546.26