134 unanswered A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,696.00 to install, $5,093.00 to operate per year for 7 yours at which time it will be sold for $6,900.00. The second, RayCool 8, costs $41,768.00 to install, $2,099.00 to operate per year for 5 years at which time it will be sold for $9,091.00. The firm's cost of capital is 6.50%. What is the equivalent annual cost of the AC360? Assume that there are no taxes. not submitted Attempts Remaining: 3 Submit Answer format: Currency: Round to: 2 decimal places