831 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26.485.00 to install , S5,164.00 to operate per year for 7 years at which time it will be sold for 56,895,00 The second, RayCool 8, costs $41,647.00 to install , S2,175.00 to operate per year for 5 years at which time it will be sold for $8,901.00. The firm's cost of capital is 5.73%. What is the equivalent annual cost of the RayCools? Assume that there are no taxes Submit Answer format: Currency: Round to: 2 decimal places