Question: Problem 12-4 EAC Approach (LG12-8) You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $73,000, has a 5-year life, and has an annual

Problem 12-4 EAC Approach (LG12-8) You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $73,000, has a 5-year life, and has an annual OCF (after- tax) of -$11,900 per year. The Keebler CookieMunster costs $99,500, has a 7-year life, and has an annual OCF (after-tax) of-$9,900 per year If your discount rate is 11 percent, what is each machine's EAC? (Negative amounts should be indicated by a minus sign. Round you answers to 2 decimal places.) Answer is complete but not entirely correct. Pillsbury 707 Keebler CookieMunster EAC $ 31,651.63 31,015.42
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