please round to two decimal places

12 O A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,630.00 to install, $5,170.00 to operate per year for 7 years at which time it will be sold for $7,120.00. The second, RayCool 8, costs $41,007.00 to install, $2,034.00 to operate per year for 5 years at which time it will be sold for $8,911.00. The firm's cost of capital is 6.72%. What is the equivalent annual cost of the RayCoolB7 Assume that there are no taxes Submit Answer format: Currency: Round to: 2 decimal places