It would be great if you could show the steps (not on excel) for better...

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It would be great if you could show the steps (not on excel) for better understanding! Thank You!

A firm is must choose to buy the GSU-3300 or the UGA-3000. Both machines make the firm's production process more efficient which in turn increases incremental cash flows. The GSU-3300 produces incremental cash flows of $26,697.00 per year for 8 years and costs $100,435.00. The UGA-3000 produces incremental cash flows of $28,949.00 per year for 9 years and cost $126,285.00. The firm's WACC is 7.60%. What is the equivalent annual annuity of the GSU-3300? Assume that there are no taxes. Submit Answer format: Currency: Round to: 2 decimal places

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