Blue Ridge designs is considering the purchase of new equipment. There are two options. The GEB7 costs $32,500 today, will generate operating cash flows of $1,700 per year for 10 years and will be sold for $5,200 after taxes at the end of 10 years. The SJB4 costs $45,000 today, will generate operating cash flows of $1,500 per year for 12 years I will be sold for $7,800 after taxes at the end of 12 years. The equivalent annual series. (EAS) of the worst choice is $_____. Use a discount rate of 8% p.a.