A firm is must choose to buy the GSU-3300 or the UGA-3000. Both machines make the firms production process more efficient which in turn increases incremental cash flows. The GSU-3300 produces incremental cash flows of $26,501.00 per year for 8 years and costs $102,544.00. The UGA-3000 produces incremental cash flows of $27,821.00 per year for 9 years and cost $125,391.00. The firms WACC is 7.06%. What is the equivalent annual annuity of the GSU-3300? Assume that there are no taxes.

2 DECIMAL PLACES