Scotty Inc. uses high-tech stoves to bake its cakes. Each stove costs $249,000 and lasts about 15 years before it breaks down. The yearly operating cost per stove is $34,300. What is the equivalent annual cost per stove if Scotty's required return is 14%?

Scotty Inc. uses high-tech stoves to bake its cakes. Each stove costs $249,000 and lasts about 15 years before it breaks down. The yearly operating cost per stove is $34,300. What is the equivalent annual cost per stove if Scotty's required return is 14%? 0-$74,839.43 O-$28,729.77 O -$48,349.72 0-$50,560.08 0-$82,800.19 A Moving to another question will save this response