Blooper Industries must replace its maghoosium purification system. Quick & Dirty Systems sells a relatively cheap purification syster for $10 million. The system will last 5 years. Do-It-Right sells a sturdier but more expensive system for $12 million; it will last for 6 year Both systems entall $3 million in operating costs: both will be depreciated straight-line to a final value of zero over their useful lives; nelther will have any salvage value at the end of its life. The firm's tax rate is 20%, and the discount rate is 14%. Either 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 you answer as a positive value. Enter your answer in millions rounded to 2 decimal places.) c. Which system should Blooper install? a millions millions b. Equivalent annual cost Equivalent annual cost Which system should Blooper install? c