Problem 10-18 Calculating EAC [LO4] A five-year project has an initial fixed asset investment of $260,000, an initial N investment of $20,000, and an annual depreciated over the life of the project and has no salvage value. If the required return is 10 percent, what is this project's equivalent annual cost, or EAC? (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., 32.16.) l OCF of -$19,000. The fixed asset is fully Equivalent annual cost