#2 unansw not subm A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,385.00 to install, $5,026.00 to operate per year for 7 years at which time it will be sold for $7,161.00. The second, RayCool 8, costs $41,573.00 to install, $2,086.00 to operate per year for 5 years at which time it will be sold for $8.938.00. The firm's cost of capital is 6.12%. What is the equivalent annual cost of the RayCools? Assume that there are no taxes, Attempts Remai In Submit Answer format: Currency: Round to: 2 decimal places