A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,719.00 to install, $5,017.00 to operate per year for 7 years at which time it will be sold for $6,843.00. The second, RayCool 8, costs $41,668.00 to install, $2,061.00 to operate per year for 5 years at which time it will be sold for $8,982.00. The firms cost of capital is 6.34%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes. (2 DECIMALS)

A firm is must choose to buy the GSU-3300 or the UGA-3000. Both machines make the firms production process more efficient which in turn increases incremental cash flows. The GSU-3300 produces incremental cash flows of $25,235.00 per year for 8 years and costs $104,188.00. The UGA-3000 produces incremental cash flows of $28,421.00 per year for 9 years and cost $125,781.00. The firms WACC is 9.82%. What is the equivalent annual annuity of the UGA-3000? Assume that there are no taxes. (2 DECIMALS)