A project with a life of $5$ has an initial fixed asset investment of $$44,940,$ an initial NWC

investment of $$4,280,$ and an annual OCF of $-$$$68,480.$ The fixed asset is fully

depreciated over the life of the project and has no salvage value.

If the required return is $11$ percent, what is the project's equivalent annual cost, or EAC?

Multiple Choice

$$-68,943\mathrm{.}70$

$$-77,054\mathrm{.}72$

$$-59,955\mathrm{.}01$