Econo-Cool air conditioners cost $370 to purchase, result in electricity bills of $220 per year, and last for five years. Luxury Air models cost $570, result in electricity bills of $170 per year, and last for eight years. The discount rate is 21%.

What is the equivalent annual cost of the Econo-Cool model? (Do not round intermediate calculations. Round your answer to 2 decimal places.) What is the equivalent annual cost of the Luxury Air model? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Which model is more cost-effective? If the inflation rate is expected to be 10% per year for the foreseeable future. What is the equivalent annual cost of the Econo-Cool model and Luxury Air model? (Do not round intermediate calculations. Round your answer to 2 decimal places.)