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The table shown summarizes the financial data for a proposed new asset. Assuming an interest rate of 12%, what is the Equivalent Annual Cost (EAC) if the asset is replaced after three years? (whole dollar) End of year (n) Investment Cost O&M Cost Salvage Value O $14,000 1 $3,400 $8,000 2 $4,600 $6,000 3 $5,800 $4,000 4 $7,200 $2,000 5 $8,300 o End of Investment O&M Year (n) Cost Cost Salvage Value 0 $14,000 2 3 4 5 $3,400 4,600 5,800 7,200 8.300 $8,000 6,000 4,000 2,000 0