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please only answer if you are sure A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units.

please only answer if you are sure
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A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,340.00 to install, $5,139.00 to operate per year for 7 years at which time it will be sold for $7,053.00. The second, RayCool 8 , costs $41,116.00 to install, $2,091.00 to operate per year for 5 years at which time it will be sold for $9,016.00. The firm's cost of capital is 5.52%. What is the equivalent annual cost of the RayCool 8 ? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places

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