cy: Hound to: 2 decimal places. 838 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,093.00 to install, $5,121.00 to operate per year for 7 years at which time it will be sold for $7.092,00 The second, RayCool 8, costs $41.972.00 to install, $2,102.00 to operate per year for 5 years at which time it will be sold for $9,095.00. The firm's cost of capital is 6.18%. What is the equivalent annual cost of the RayCoole? Assume that there are no taxes. Submit Answer format: Currency: Round to: 2 decimal places