?(Equivalent annual annuity?) Rib? & Wings-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 $ 49000, last for 8 years, and produce annual cash flows of $ 17000 per year. The alternative is the? deluxe, award-winning? Smoke-alator, which costs $ 80000 and, because of its patented humidity? control, produces the? "moistest, tastiest barbecue in the? world." The? Smoke-alator would last for 13 years and produce cash flows of $ 24000 per year. Assuming a required rate of return of 12 percent on both? projects, compute their equivalent annual annuities ?(EAAs?).
The EAA of the standard smoker is ?(round to the nearest dollar)
The EAA of the smoke-alator is ? (round to the nearest dollar)