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 $9,000. What is the equivalent annual cost of an oven if the required rate of return is 9 percent? (Round your answer to whole dollars)

$-353,433

$-350,171

$-348,747

$-330,454

$-343,623