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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

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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 $11,000 What is the equivalent annual cost of an oven if the required rate of return is 9 percent? (Round your answer to whole dollars) $-356,474 $-344,484 O $-352,48 O $ 328,388 $350,747 Network 3 items DK

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