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ect Hw 3 Question 4 (of 12) Save &Exit Submt 2.00 points MC Qu. 6-A6...

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ect Hw 3 Question 4 (of 12) Save &Exit Submt 2.00 points MC Qu. 6-A6 Champion Bakers uses specialized ovens to bake its... Champion Bakers uses specialized ovens to bake its bread. One oven costs $860,000 and lasts about 3 years before it needs to be replaced. The annual operating cost per oven is $10,000. What is the equvalent annual cost of an oven if the required rate of return is 11 percent? (Round your answer to whole dolars) O $ 341518 O $-367566 O $-363.879 $361.923 O $-356,466 References omiculty 2 a. 6-A6 Champion Bakers uses specialized ovens to bake its Multiple Choice 20 FT

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