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B A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs

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B A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,136.00 to install, $5,045.00 to operate per year for 7 years at which time it will be sold for $6.828.00 The second, RayCool 8. costs $41,844,00 to install, $2,055.00 to operate per year for 5 years at which time it will be sold for $8,945 00. The firm's cost of capital is 6.00% What is the equivalent annual cost of the RayCool? Assume that there are no taxes not subuted Attempts Remaining Infinity Subm Answer format: Currency Round to: 2 decimal places

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