A project with a life of $5$ has an initial fixed asset investment of $$16,800,$ an initial NWC investment of $$1,600,$ and an annual OCF of $$$$25,600.$ The fixed asset is fully depreciated over the life of the project and has no salvage value.

If the required return is $14$ percent, what is the project's equivalent annual cost, or EAC?

Multiple Choice

$$-26,109\mathrm{.}93$

$$-30,717\mathrm{.}56$

$$-32,253\mathrm{.}44$

$$-21,091\mathrm{.}18$

$$-29,181\mathrm{.}69$