points) A project with a life of 7 has an initial fixed asset investment of $31,080 and an annual operating cash flow (OCF) of -$47,360. The fixed asset has no salvage value at the end of the project. With a 16% required return, the project's equivalent annual cost is $-55,055.80 $-32,037.02 $-52,752.93 $-222,346.46 $-47,360.00