Question: Please include all formulas... Air conditioning for a college dormitory will cost $1.9 million to install and $180,000 per year to operate at current prices.

Please include all formulas...

Air conditioning for a college dormitory will cost $1.9 million to install and $180,000 per year to operate at current prices. The system should last 21 years. The real cost of capital is 9%, and the college pays no taxes. What is the equivalent annual cost? [Enter your answer in dollars not in millions and round your answer to 2 decimal places} Ewmmwm

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