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#2 unanswered A firm is considering replacing the existing industrial conditioning unit. They will pick one of two units. The first, the AC360, costs $26,765.00
#2 unanswered A firm is considering replacing the existing industrial conditioning unit. They will pick one of two units. The first, the AC360, costs $26,765.00 to install, $5,173.00 to operate per year for 7 years at which time it will be sold for $6.992.00. The second, Ray Cool 8, costs $41,776.00 to install, $2,077.00 to operate per year for 5 years at which time it will be sold for $9,074.00. The firm's cost of capital is 5.06%. What is the equivalent annual cost of the RayCools? Assume that there are no taxes not_submitted Attempts Remaining: Infinity Submit Answer format: Currency: Round to: 2 decimal places
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