Blue Ridge Designs is considering the purchase of new equipment. There are two options. The GEB$7$

costs $$32,500$ today, will generate operating cash flows of $$1,700$ per year for ten years and will be sold for $$5,200$

after taxes at the end of ten years. The SJB$4$ costs $$45,000$ today, will generate operating cash flows of $$1,500$ per

year for twelve years and will be sold for $$7,800$ 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$.$