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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 in turn

image text in transcribed 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 $25,702.00 per year for 8 years and costs $102,317.00. The UGA-3000 produces incremental cash flows of $27,165.00 per year for 9 years and cost $125,515.00. The firm's WACC is 8.87%. What is the equivalent annual annuity of the UGA-3000? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places

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