Sheep Ranch Golf Academy is evaluating new golf practice equipment. The "Dimple Max" equipment costs $152,000, has a 6 -year life, and costs $10,500 per year t operate. The relevant discount rate is 10 percent. Assume that the straight-lin depreciation method is used and that the equipment is fully depreciated to zeri Furthermore, assume the equipment has a salvage value of $11,100 at the end of th project's life. The relevant tax rate is 23 percent. All cash flows occur at the end of th year. What is the equivalent annual cost (EAC) of this equipment? ( A negative amour should be indicated by a minus sign. Do not round intermediate calculations an round your answer to 2 decimal places, e.g., 32.16.)