Blooper Industries must replace its magnoosium purication system. |Quick 8: Dirty Systems sells a relatively cheap purication system for $12 million. The system will last 3 years- Dolt Right sells a sturdier but more expensive system for $14 million; it will last for 4 years- Both systems entail $2 million in operating costs; both will be depreciated straightline to a nal value of zero over their useful lives; neither will have any salvage value at the end of its life. The nn's tax rate is 30%, and the discount rate is 12%. Either machine will be replaced at the end of its life- a. What is the equivalent annual cost ot 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? a Equivalent annual cost millions Waquwaleml _ Which system should Blooper install?