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Afirm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, oosts $28,544.00 to install,
Afirm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, oosts $28,544.00 to install, 35.012.00 to operate per year for 7 years at which time it will be sold for 50,828.00. The seoond, RayCool 8, costs $41,817.00 to install, $2,013.00 to operate per year for 5 years at which time it will be sold for 58,912.00. The firm's cost of capitat is 5.18%. What is the equivalent annual cost of the RayCooli? Assume that there are no taxes. Answer format: Cumency: Round to: 2 decimal plaoes
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