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Econo - Cool air conditioners cost $ 3 3 5 to purchase, result in electricity bills of $ 1 5 7 , per year, and

Econo-Cool air conditioners cost $335 to purchase, result in electricity bills of $157, per year, and last for 5 years. Luxury Air model cost $535, result in electricity bills of $114 per year, and last for 8 years. The discount rate is 22%.
a. What is the equivalent annual cost of the Econo-Cool model?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
\table[[,Econo-Cool],[Equivalent annual cost,$,273.98]]
b. What is the equivalent annual cost of the Luxury Air model?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
\table[[,Luxury Air],[Equivalent annual cost,$,261.82]]
c. Which model is more cost-effective?
Econo-Cool
Luxury Air
d-1. Now you remember that the inflation rate is expected to be 10% per year for the foreseeable future. What are the equivalent annual cost of the Econo-Cool and Luxury Air model?
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
\table[[,Econo-Cool,Luxury Air],[Equivalent annual cost,$,441.25,$,421.66]]
d-2. Which model is more cost-effective?
Econo-Cool
Luxury Air
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