Country Breads uses specialized ovens to bake its bread. One oven costs $189,000 and lasts about 7 years before it needs to be replaced. The annual operating cost per oven is $23,800. What is the equivalent annual cost of an oven if the required rate of return is 11 percent?

-$96,210.00

-$50,561.10

-$48,313.04

-$63,908.69

-$52,407.49

Please show work

PS answer is NOT 38,758.08 as answered in other questions, it is not even an option from the multiple choices

Thank you