Blooper Industries must replace its magnoosium purification system, Quick & Duty Systems seis a relatively cheap pricationen for $12 million. The system will last 4 years Do-It Right sells a sturdier but more expensive systems for 5 milioni want to sa Both systems entail $2 million in operating costs, both will be depreciated straight line to a final value of recover the neither will have any salvage value at the end of its life. The firm's tax rate is 35%, and the discourt rate is 15% Ether machine 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 pieces) Install Blooper Industries must replace its magnoostum purification system. Quick & Dirty Systems sells a relatively cheap purification yum for $12 million. The system will last 4 years. Do-It-Right sells a sturdier but more expensive system for 513 million it will tast for 5 years Both systems entail $2 million in operating costs, both will be depreciated straight line to a final value of rero over their useful neither will have any salvage value at the end of its life. The firm's tax rate is 35% and the discount rate is 15% Either machine will be Teplaced at the end of its life. Q. 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