Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $$10$ million. The system will last $5$ years. Do$-$lt$-$Right sells a sturdier but more expensive system for $$16$ million; it will last for $8$ years. Both systems entail $$1$ million in operating costs; both will be depreciated straight$-$line to a final value of zero over their useful lives;

$10$

neither will have any salvage value at the end of its life. The firm's tax rate is $30\%,$ and the discount rate is $15\%.$

points

a$.$ What is the equivalent annual cost of investing in the cheap system?

Note: Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to $2$ decimal places.

b$.$ What is the equivalent annual cost of investing in the more expensive system?

Note: Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to $2$ decimal places.

c$.$ Which system should Blooper install?

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.$ Equivalent annual cost,$$,1\mathrm{.}94ox,$millions$],[$b$.$ Equivalent annual cost,$$,2\mathrm{.}13$aleph,millions$],[$c$.$ Which system should Blooper install?,Quick and Dirty,,$]$