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131 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,041.00
131 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,041.00 to install, $5,031.00 to operate per year for 7 years at which time it will be sold for $7,182.00 The second, RayCool 8. costs $41,741.00 to install, $2,029.00 to operate per year for 5 years at which time it will be sold for $9,037.00. The firm's cost of capital is 5.46%. What is the equivalent annual cost of the RayCools? Assume that there are no taxes Submit Answer format: Currency: Round to: 2 decimal places
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