A firm is considering replacing the existing industriat air conditioning unit They will pick one of two units The first, the AC360 costs $26.615.00 to install, $5177.00 to operate per year for 7 years at which time it will be soid for $7.096.00. The second, RayCool 8, costs $41,037,00 to install, $2155, 00 to operate per year for 5 years at which time it will be sold for $9.09200. The firm's cost of capital is. 5.34%. What is the equivatent annual cost of the AC360? Assume that there areno naxes: Answer format: Gurrency Round to: 2 deomal places