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Flying Chicken Inc., uses a special fryer made of stainless steel to fry its chickens for the best quality. One fryer costs $750,000 and lasts

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Flying Chicken Inc., uses a special fryer made of stainless steel to fry its chickens for the best quality. One fryer costs $750,000 and lasts about 5 years before it needs to be replaced. The annual operating cost per fryer is $25,000. What is the equivalent annual cost of a fryer if the required rate of return is 8 percent? a. -$203,047.30 b. -$212,842.34 CC. -$244,626.52 d. $272,638.24 e. None of above

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