2. % ) Conditional Format Call Formatting as Table Styles Delete Format RO AP AQ AR Question : Rib & Wing-R-Us is considering the purchase of a new smoker oven for cooking barbecue, ribs, and wings. It is looking at two different ovens. The first is a relatively standard smoker and would cost $50,000, last for 8 years, and produce annual cash flows of S16,000 per year. The alternative is the deluxe, award-winning Smoke-alator, which costs $78,000 and, because of its patented humidity control, produces the "moistest, tastiest barbecue in the world." The Smoke-alator would last for 11 years and produce cash flows of $23,000 per year. Assuming a 10 percent required rate of return on both projects, compute their equivalent annual annuity (EAA), and explain which one the company should go ahead with. MacBook Pro A 7 F & C 9 7 8 8 9 0