Handsome Hats is considering a 3-year project that will utilize a $280,000 capital asset that will have after-tax salvage value of $42,000 at the end of the project. The operational costs (including all taxes and depreciation) will be $57,000 each year of the project. If the project requires zero NWC and the required return is 15%, what is the project's Effective Annual Cost (EAC)? Note: All cash flow adjustments for depreciation have already been factored into the cash flows given and the salvage value has already had tax expense factored in. $233,440.00 $93,777.00. $40,000.00 $167,538.52 $93,000.00