16 Barbara's Bakery wants to expand their current operations and is looking to buy new oven. They are currently evaluating two oven models: Empave single electric wall and Frigidaire freestanding. Empave single electric wall oven cost $380 to purchase, result in electricity bills of $166 per year, and last for 5 years. Frigidaire freestanding oven cost $580, result in electricity bills of $132 per year. and last for 8 years. The discount rate is 20% a. What is the equivalent annual cost of the Empava single electric wall model? (Do not round intermediate calculations. Round your answers to 2 decimal places) 01:28:02 Empava Equivalent annual cost b. Which model is more cost-effective? Empava single electric wall Frigidaire freestanding 10 of 36 Next > pois Mc Graw MA pois Mc Graw MA