You received no credit for this question in the previous attempt. Sheep Ranch Golf Academy is evaluating new golf practice equipment. The "Dimple Max" equipment costs $122,000, has a 5-year life, and costs $9,500 per year to operate The relevant discount rate is 12 percent. Assume that the straight-line depreciatio method is used and that the equipment is fully depreciated to zero. Furthermore assume the equipment has a salvage value of $9,100 at the end of the project's life. Th relevant tax rate is 23 percent. All cash flows occur at the end of the year. What is the equivalent annual cost (EAC) of this equipment? (A negative amount should be indicated by a minus sign. Do not round intermediate calculations and round you answer to 2 decimal places, e.g., 32.16.)