Question 25, Problem 1... Part 1 of 3 S. HW Score: 35.75%, 35.75 of 100 points O Points: 0 of 4 (Equivalent annual annuity) Rib & Wings-R-Us is considering the purchase of a new smoker oven for cooking barbecue, ribs, and wings. It is looking at two different ovens. The first is a relatively standard smoker and would cost $52,000, last for 8 years, and produce annual cash flows of $16,000 per year. The alternative is the deluxe, award-winning Smoke-alator, which costs $80,000 and, because of its patented humidity control, produces the "moistest, tastiest barbecue in the world." The Smoke-alator would last for 13 years and produce cash flows of $20,000 per year Assuming a required rate of retum of 11 percent on both projects, compute their equivalent annual annuities (EAAs)