Duff Beer is looking at purchasing an HVAC system for $22,000,000, which can be salvaged in 8 years for $3,200,000, and is in the 25% CCA class. Annual maintenance costs will be $1,105,000. Duffs cost of capital is 14 % and they are in the 35% tax bracket. If the asset class remains open at the end of the project (ie the CCATS method may be used) what is the equivalent annual cost (EAC) of the HVAC system?