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 $24,611.00 per year for 8 years and costs $103,046.00. The UGA-3000 produces incremental cash flows of $27,012.00 per year for 9 years and cost $125,336.00. The firms WACC is 8.42%. What is the equivalent annual annuity of the GSU-3300? Assume that there are no taxes.

Round to two places