Question: PLEASE SOLVE USING EXCEL AND SHOW YOUR FORMULAS! WILL UPVOTE FOR DETAILED, CLEAR ANSWERS! 4. Air conditioning for a college dormitory will cost $3.3 million

PLEASE SOLVE USING EXCEL AND SHOW YOUR FORMULAS! WILL UPVOTE FOR DETAILED, CLEAR ANSWERS!

4. Air conditioning for a college dormitory will cost $3.3 million to install and $110,000 per year to operate at current prices. The system should last 17 years. The real cost of capital is 7%, and the college pays no taxes. What is the equivalent annual cost

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