Afirm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360 costs $26.333.00 to install, $5,096.00 to operate per year for 7 years at which time it will be sold for $6,864.00 The second, RayCool 8, costs $41,859 00 to install, $2, 121.00 to operate per year for 5 years at which time it will be sold for $8.926.00 The firm's cost of capital is 5 20%. What is the equivalent annual cost of the AC360? Assume that there are no taxes Submit Answer format: Currency Round to: 2 decimal places Alm is considering replacing the existing industrial air conditioning unit. They will pick one of two units The first, the AC 360, costs $26 754.00 to install 55,044.00 to operate per year for 7 years at which time it will be sold for S7 160.00 The second RayCool 8, costs $41,094.00 to install, $2.031.00 to operate per year for 5 years at which time it will be sold for $9,062 00 The firm's cost of capital is 671% What is the equivalent annual cost of the RayCool8? Assume that there are no taxes Submit