Ruff Motors needs to select an assembly line for producing their new SUV. They have two options:

$$ Option A is a highly automated assembly line that has a large up$-$front cost but low maintenance

cost over the years. This option will cost $$9$ million today with a yearly operating cost of $$3$ million.

The assembly line will last for $5$ years and be sold for $$6$ million in $5$ years.

$$ Option B is a cheaper alternative with less technology, a longer life, but higher operating costs.

This option will cost $$7$ million today with an annual operating cost of $$2\mathrm{.}3$ million. This assembly

line will last for $8$ years and be sold for $$1$ million in $8$ years.

The firm$$s cost of capital is $11\mathrm{.}4\%.$ Assume a tax rate of zero percent.

$47.$ The equivalent annual cost $($EAC$)$ for Option A is $$\_\_\_\_\_\_\_$million.

$48.$ The equivalent annual cost $($EAC$)$ for Option B is $$\_\_\_\_\_\_\_$million.