A five-year project has an initial fixed asset investment of $305,000, an initial NWC investment of $29,000, and an annual OCF of $28,000. The fixed asset is fully depreciated over the life of the project and has no salvage value. If the required return is 10%, 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: $