A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC$360,$ costs $$26,515\mathrm{.}00$ to install, $$5,135\mathrm{.}00$ to operate per year for $7$ years at which time it will be sold for $$7,056\mathrm{.}00.$ The second, RayCool $8,$ costs $$41,400\mathrm{.}00$ to install, $$2,198\mathrm{.}00$ to operate per year for $5$ years at which time it will be sold for $$8,917\mathrm{.}00.$ The firms cost of capital is $6\mathrm{.}48\%.$ What is the equivalent annual cost of the AC$360?$ Assume that there are no taxes.