A project with a life of $9$ has an initial fixed asset investment of $$9,240,$ an initial NWC investment of $$880,$ and an annual OCF of $$$$14,080.$ The fixed asset is fully depreciated over the life of the project and has no salvage value.

If the required return is $10$ percent, what is the project's equivalent annual cost, or EAC?

Multiple Choice

$$-14,983\mathrm{.}82$

$$-10,092\mathrm{.}65$

$$-13,406\mathrm{.}57$

$$-16,561\mathrm{.}06$