A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,143.00 to install, $5,092.00 to operate per year for 7 years at which time it will be sold for $7,102.00. The second, RayCool 8, costs $41,497.00 to install, $2,197.00 to operate per year for 5 years at which time it will be sold for $8,935.00. The firm's cost of capital is 5.12%. 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 $26,950.00 to install, $5,159.00 to operate per year for 7 years at which time it will be sold for $6,919.00. The second, RayCool 8, costs $41,238.00 to install, $2,185.00 to operate per year for 5 years at which time it will be sold for $9,061.00. The firm's cost of capital is 5.41%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places