Cristiano Orlando, president of Better Juice Ltd, is considering the purchase of a machine that will improve the operations of the company. Two machines are available. The CRJ2000 costs $70,000 and will last for 7 years. It will produce positive incremental cash flows of $20,000 per year. The GS180 costs $90,000 and will last for 9 years. It will produceincremental cash flows of $22,000per year. The equivalent annual annuity (EAA) of the machine they should choose is $ ___ . Assume a discount rate of 6%.

PLEASE SOLVE USING FINANCIAL CALCULATOR