Econo-Cool air conditioners cost $330 to purchase, result in electricity bills of $156 per year, and last for 5 years. Luxury Air models cost $530, result in electricity bills of $112 per year, and last for 8 years. The discount rate is 20%.

Now you remember that the inflation rate is expected to be 10% per year for the foreseeable future. What is the equivalent annual cost of the Econo-Cool and Luxury Air model