A five$-$year project requires an initial investment of $$250,000$ in fixed assets and $$55,000$ in net working capital. The project has annual after$-$tax costs of $$25,500.$ The assets belong in a $25\%$ CCA class and have no salvage value. The required rate of return for the project is $12\%$ and the firm$$s tax rate is $30\%.$ What is the project's equivalent annual cost $($EAC$)?$

Multiple Choice

$$59,398$

$$63,550$

$$55,619$

$$82,863$

$$88,148$ i HAVE $7$ MINTUES