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Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $8 million. The system will last

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Blooper Industries must replace its magnoosium purification system. Quick \& Dirty Systems sells a relatively cheap purification system for $8 million. The system will last 4 years. Do-lt-Right sells a sturdier but more expensive system for $18 million; it will last for 9 years. Both systems entail $3 million in operating costs; both will be diepreciated straight-line to a final value of zero over their useful lives: neither will have any salvage value at the end of its life. The firm's tax rate is 30%, and the discount rate is 16%. a. What is the equivalent annual cost of investing in the cheop 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

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