A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,428.00 to install, $5,147.00 to operate per year for 7 years at which time it will be sold for $6,935.00. The second, RayCool 8 , costs $41,615.00 to install, $2,028.00 to operate per year for 5 years at which time it will be sold for $8,980.00. The firm's cost of capital is 6.43%. What is the equivalent annual cost of the AC360? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places. A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,289.00 to install, $5,157.00 to operate per year for 7 years at which time it will be sold for $6,966.00. The second, RayCool 8 , costs $41,988.00 to install, $2,005.00 to operate per year for 5 years at which time it will be sold for $8,989.00. The firm's cost of capital is 5.16%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places. A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,428.00 to install, $5,147.00 to operate per year for 7 years at which time it will be sold for $6,935.00. The second, RayCool 8 , costs $41,615.00 to install, $2,028.00 to operate per year for 5 years at which time it will be sold for $8,980.00. The firm's cost of capital is 6.43%. What is the equivalent annual cost of the AC360? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places. A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,289.00 to install, $5,157.00 to operate per year for 7 years at which time it will be sold for $6,966.00. The second, RayCool 8 , costs $41,988.00 to install, $2,005.00 to operate per year for 5 years at which time it will be sold for $8,989.00. The firm's cost of capital is 5.16%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places