?(Equivalent annual annuity?) Rib? & Wings-R-Us is considering the purchase of a new smoker oven for cooking?...

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?(Equivalent annual annuity?)
Rib? & Wings-R-Us is considering the purchase of a newsmoker oven for cooking? barbecue, ribs, and wings. It is lookingat two different ovens. The first is a relatively standard smokerand would cost $52,000?, last for 9 ?years, and produce annual cashflows of $15,000 per year. The alternative is the? deluxe,award-winning? Smoke-alator, which costs $77,000 and, because ofits patented humidity? control, produces the? "moistest, tastiestbarbecue in the? world." The? Smoke-alator would last for 11 yearsand produce cash flows of $23,000 per year. Assuming a requiredrate of return of 10 percent on both? projects, compute theirequivalent annual annuities (EAAs?)
The EAA of the standard smoker is ?$ . ?(Round to thenearest? dollar.)
The EAA of the? Smoke-alator is ?$. ?(Round to the nearest?dollar.)
Rib? & Wings-R-Us should purchase the _?

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?(Equivalent annual annuity?)Rib? & Wings-R-Us is considering the purchase of a newsmoker oven for cooking? barbecue, ribs, and wings. It is lookingat two different ovens. The first is a relatively standard smokerand would cost $52,000?, last for 9 ?years, and produce annual cashflows of $15,000 per year. The alternative is the? deluxe,award-winning? Smoke-alator, which costs $77,000 and, because ofits patented humidity? control, produces the? "moistest, tastiestbarbecue in the? world." The? Smoke-alator would last for 11 yearsand produce cash flows of $23,000 per year. Assuming a requiredrate of return of 10 percent on both? projects, compute theirequivalent annual annuities (EAAs?)The EAA of the standard smoker is ?$ ____. ?(Round to thenearest? dollar.)The EAA of the? Smoke-alator is ?$____. ?(Round to the nearest?dollar.)Rib? & Wings-R-Us should purchase the _____?