Assume an equipment costs $336,000 and lasts six years before it is replaced. The operating cost is $64,500 a year. Ignore taxes. What is the equivalent annual cost if the required rate of return is 14 percent? (Hint: Find the NPV of the equipment cost and annual operating cost, then solve for EAC)

$143,684

$147,208

$150,905

$153,279

$156,630