A five$-$year project has an initial fixed asset investment of $$265,000,$ an initial NWC investment of $$21,000,$ and an annual OCF of $-$$$20,000.$ The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is $12$ percent, what is this project's equivalent annual cost, or EAC? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Equivalent annual cost