45

Champion Bakers uses specialized ovens to bake its bread. One oven costs $850,000 and lasts about 3 years before it needs to be replaced. The annual operating cost per oven is $9,000. What is the equivalent annual cost of an oven if the required rate of return is 10 percent? (Round your answer to whole dollars)

	$-345,779
	$-332,469
	$-352,388
	$-355,679
	$-350,798