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Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $ 1 2 million. The system

Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $12 million. The system will last 4 years. Do-It-Right sells a sturdier but more expensive system for $18 million; it will last for 6 years. cost of investing in the cheap system?
a. What is the equivalent annual intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded Note: Do not places.
to 2 decimal places. Note: Do not places.
in 7 decimal places. Blooper install?
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