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You are evaluating two different cookie - baking ovens. The Pillsbury 7 0 7 costs $ 5 9 , 5 0 0 , has a

You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $59,500, has a 5-year life, and has an annual operating cash flow (after-tax) of $10,500 per year. The Keebler CookieMunster costs $92,500, has a 7-year life, and has an annual OCF (after-tax) of $8,500 per year.
If your discount rate is 13 percent, what is each machines EAC?
Note: Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.

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