QUESTION 1 White Oaks Properties builds strip shopping centers and small malls. The company plans to replace its refrigeration, cooking. HVAC, and other equipment with newer models in the entire center built 9 years ago. The original purchase price of the equipment was $638.000 nine years ago and the operating cost has averaged $240,000 per year Determine the equivalent annual cost of the installed equipment, if the company can now sell it for $184.000. The company's MARR IS 25% per year