You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $60,500, has a 5-year life, and has an annual OCF (after-tax) of –$10,700 per year. The Keebler CookieMunster costs...

You are evaluating two different cookie-baking ovens. The Pillsbury 707 costs $60,500, has a 5-year life, and has an annual OCF (after-tax) of –$10,700 per year. The Keebler CookieMunster costs $93,500, has a 7-year life, and has an annual OCF (after-tax) of –$8,700 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 your answers to 2 decimal places.)