Champion Bakers uses specialized ovens to bake its bread. One oven costs $689,000 and lasts about 4 years before it needs to be replaced. The annual after tax operating cost per over is $41,000. What is the equivalent annual cost of an oven if the required rate of return is 13 percent?

Answer

		$272,638
		$248,313
		$232,407
		$200,561
		$196,210