A five$-$year project has an initial fixed asset investment of $$280,000,$ an initial NWC investment of $$24,000,$ and an annual OCF of $$23,000.$ The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is $12\%,$ what is this project's equivalent annual cost, or EAC? $($Negative answer should be indicated by a minus sign. Do not round your intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Equivalent annual cost