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Blooper Industries must replace its magnoosium purification system Quick & Dirty Systems sells a relatively cheap purification system for $16m. on. 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 $16m. on. The system will last 4 years. Doh-Right selis a sturdier but more expensive system for $18milli ont it will last for 5 years: Both systems entail $3mili on in operating costs, both will be depreciated straight-ine to a final value of zero over their useful lives: nether will have any salvage value at the end of its lffe. The firm's tax rate is 30%, and the discount rate is 12%. a. What is the equivalent annual cost of imvesting 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 ploces. 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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