https://vb-audio.com/Cable/index.htminstall vb cable or hifi cable
set Biab Audio Device to MME Audio Drivers to Output VB Cable
set Reaper Audio Device to Direct Sound
set Input Device to VB Cable
set Output Device to your audio device
put a new track in Reaper and arm it to record
set track Input to Stereo Left\Right
set IN to Record: Input(force stereo)
EDIT: set Record Monitoring On
load 10 band in the track FX
if you don't have Reaper you could use
https://www.hermannseib.com/english/vsthost.htmor you can just use voicemeeter
Voicemeeter has an EQ but only 6 band.
You can set Hardware Input 1 to VB Cable
Hardware Input 2 to HiFi Cable
Hardware Output to you Audio Device
Click EQ on output sliders to activate and right click to adjust.
You can set Biab to MME VB Cable or HiFi Cable
or you cant set Biab to Voicemeeter ASIO or AUX ASIO