Champion Bakers uses specialized ovens to bake its bread. One oven costs $860,000 and lasts about 3 years before it needs to be replaced. The annual operating cost per oven is $10,000. What is the equivalent annual cost of an oven if the required rate of return is 8 percent? (Round your answer to whole dollars) O $-337,900 O $-345,107 $-343,709 $-323,421 O $-348,700