Bridgton Golf Academy is evaluating new golf practice equipment. The "Dimple$-$Max" equipment costs $$96,000,$ has a $5$ year life, and costs $$8,800$ per year to operate. The relevant discount rate is $14$ percent. Assume that the straight$-$line depreciation method is used and that the equipment is fully depreciated to zero. Furthermore, assume the equipment has a salvage value of $$19,000$ at the end of the project's life. The relevant tax rate is $34$ percent. All cash flows occur at the end of the year. What is the equivalent annual cost $($EAC$)$ of this equipment? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

EAC