A butcher is considering two freezers for his steaks: Kool Freezer and Chill Deluxe. Kool Freezer costs $150,000 upfront and has maintenance costs of $7,000 each year for the next 7 years. Chill Deluxe costs $30,000 upfront and has maintenance costs of $24,000 each year for the next 4 years. If the discount rate is 4%, which freezer should be selected and what is its equivalent annual cost?v