#1 + unanswered A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,383.00 to install, $5,160.00 to operate per year for 7 years at which time it will be sold for $7,062.00. The second, Ray Cool 8, costs $41,676.00 to install, $2,030.00 to operate per year for 5 years at which time it will be sold for $9,034.00. The firm's cost of capital is 6.43%. What is the equivalent annual cost of the AC360? Assume that there are no taxes not_submitted Attempts Remaining: Infinity Submit Answer format: Currency: Round to: 2 decimal places