Blue Ridge Designs is considering the purchase of new equipment. There are two options. The GEB7 costs $32,000 today, will generate operating cash flows of $1,600 per year for ten years and will be sold for $5,000 after taxes at the end of ten years. The SJB4 costs $44,000 today, will generate operating cash flows of $1,450 per year for twelve years, and will be sold for $8,000 after taxes at the end of twelve years. The equivalent annual series (EAS) of the worse choice is $_____. Use a discount rate of 8% p.a.