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29. Before the restaurant chain purchases the above machine, another sales rep approaches them with a less expensive machine called the Burner. Although cheaper, the

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29. Before the restaurant chain purchases the above machine, another sales rep approaches them with a less expensive machine called the "Burner." Although cheaper, the Burner has a shorter warranty. The Burner oven costs $23,000, fully installed. Again, the chain doesn't believe the ovens will have any impact on sales. This Burner will lower overall use and maintenance costs by $3,000 annually. The ovens will be sold for approximately $2,500 each when they go out of warranty in 6 years, but will be depreciated to $0 book value over 6 years via straight-line method. The chains marginal tax rate is 28% and the firm requires a return of 10% on all capital investments. What is the equivalent annual cost (EAC) of one Burner oven? Enter answer in dollars, rounded to the nearest dollar. Enter

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