Champion Bakers uses specialized ovens to bake its bread. One oven costs $870,000 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 10 percent? (Round your answer to whole dollars)

$-338,438

$-366,805

$-354,705

$-360,840

$-362,784