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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
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 $24,889.00 per year for 8 years and costs $99,109.00. The UGA-3000 produces incremental cash flows of $28,994.00 per year for 9 years and cost $126,695.00. The firm's WACC is 9.10%. What is the equivalent annual annuity of the GSU-3300? Assume that there are no taxes. Attemp Answer format: Currency: Round to: 2 decimal places
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