Question: please follow rounding instructions. will upvote if answer is correct. thank you for your time! Afirm is considering replacing the existing industrial air conditioning unit.

please follow rounding instructions. will upvote if answer is correct. thank you for your time!

Afirm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first the AC 360, costs $26.144.00 to install $5,081.00 to operate per year for 7 years at which time it will be sold for $6,821.00 The second, RayCool 8. costs $41,050.00 to install, $2,163.00 to operate per year for 5 years at which time it will be sold for $9,021.00. The firm's cost of capital is 6.70%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes. not sut Attempts Romaining Submit Answer format: Currency: Round to 2 decimal places

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