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no Afirm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first the AC360, costs $26 529

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no Afirm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first the AC360, costs $26 529 00 to install, $5,167.00 to operate per year for 7 years at which time it will be sold for $7 118.00 The second, RayCool 8, costs $41,381.00 to install, $2,193 00 to operate per year for 5 years at which time it will be sold for $9,017.00 The firm's cost of capital is 5 93% What is the equivalent annual cost of the AC360? Assume that there are no taxes Submit Answer format: Currency Round to 2 decimal places

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