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#3 A firm is must choose to buy the GSU-3300 or the UGA-3000. Both machines make the firm's production process more efficient which in turn

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#3 A firm is must choose to buy the GSU-3300 or the UGA-3000. Both machines make the firm's production process more efficient which in turn increases incremental cash flows. The GSU- 3300 produces incremental cash flows of $26,671.00 per year for 8 years and costs $100,035.00. The UGA-3000 produces incremental cash flows of $27,353.00 per year for 9 years and cost $123,056.00. The firm's WACC is 7.78%. What is the equivalent annual annuity of the GSU-3300? Assume that there are no taxes. Submit Answer format: Currency: Round to: 2 decimal places

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