Question: please dont answer if you cant answer both. and if you can please show steps. I will give a thumbs up if correct...thank you !

please dont answer if you cant answer both. and if you can please show steps. I will give a thumbs up if correct...thank you !

A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,166.00 to install, $5,200.00 to operate per year for 7 years at which time it will be sold for $6,872.00. The second, RayCool 8, costs $41,925.00 to install, $2,141.00 to operate per year for 5 years at which time it will be sold for $9,017.00. The firm's cost of capital is 5.38%. What is the equivalent annual cost of the AC360? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places. A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,848.00 to install, $5,078,00 to operate per year for 7 years at which time it will be sold for $6,883.00. The second, RayCool 8 , costs $41,751.00 to install, $2,043.00 to operate per year for 5 years at which time it will be sold for $8,904.00. The firm's cost of capital is 5.10%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes. Answer format: Currency: Round to: 2 decimal places

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