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-It-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 depreciated straight-line to a final value of zero over their useful ives neither will have any salvage value at the end of it replaced at the end of its life. s life. The firm's tax rate is 30%, and the discount rate is 16%. Either machine will be a. What is the equivalent annual cost of investing in the cheap system? (Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to 3 decimal places Equivalent annual cost b. What is the equivalent annual cost of investing in the more expensive system? (Do not round interm answer as a positive value. Enter your answer in millions rounded to 3 decimal places.) tions. Enter your c. Which system should Blooper instal? O Do-It-Right Quick & Dirty