Unanswered Answered 31 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,388.00 to install, $5,044.00 to operate per year for 7 years at which time it will be sold for $7,073.00. The second, RayCool 8, costs $41,527.00 to install, $2,035.00 to operate per year for 5 years at which time it will be sold for $9,031.00. The firm's cost of capital is 6.60%. What is the equivalent annual cost of the AC3602 Assume that there are no taxes. Attemp Submit Answer format: Currency: Round to 2 decimal places