A project with a life of $12$ has an initial fixed asset investment of $$36,540,$ an initial NWC investment of $$3,480,$ and an annual OCF of $$$$55,680.$ The fixed asset is fully depreciated over the life of the project and has no salvage value.

If the required return is $17$ percent, what is the project's equivalent annual cost, or EAC?

Multiple Choice

$$-63,596\mathrm{.}61$

$$-66,776\mathrm{.}44$

$$-54,057\mathrm{.}12$

$$-26,437\mathrm{.}05$

$$-60,416\mathrm{.}78$