A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,645.00 to install, $5,091.00 to operate per year for 7 years at which time it will be sold for $7,010.00. The second, Raycool 8, costs $41,933.00 to install, $2,031.00 to operate per year for 5 years at which time it will be sold for $9,003.00. The firm's cost of capital is 6.53%. What is the equivalent annual cost of the AC360? Assume that the