7 Chapter 9 Save & E Submit Check my world Blooper Industries must replace its magnoosium purification system Quick & Dirty Systems sells a relatively cheap purification system for $15 million. The system will last 5 years. Do-It-Right sells a sturdier but more expensive system for $20 million, it will last for 10 years. Both systems entail $1 million in operating costs both will be depreciated straight-line to a final value of zoro over their useful Ilves, neither will have any salvage value at the end of its life. The firm's tax rate is 30%, and the discount rate is 13% Ether machine will be replaced at the end of its life. a. What is the equivalent annual cost of investing in the cheap system? (Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to 2 decimal places.) b. What is the equivalent annual cost of investing in the more expensive system? (Do not round intermediate calculations, Enter your answer as a positive value. Enter your answer in millions rounded to 2 decimal places.) c. Which system should Blooper install milions millions b Equivalent annual out Equivalent annual cout Which system should Blooper instal