w List manswered Answered A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,562.00 to install, $5,119.00 to operate per year for 7 years at which time it will be sold for $6,970.00 The second, RayCool 8, costs $41,108.00 to install, $2.173.00 to operate per year for 5 years at which time it will be sold for $8,970.00 The firm's cost of capital is 6.67% What is the equivalent annual cost of the AC3602 Assume that there are no taxes. not sub Attempts Remaining Submit Answer format: Currency: Round to: 2 decimal places