Round to two decimal places please

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 $26,899.00 to install, $5,197.00 to operate per year for 7 years at which time it will be sold for $6,813.00 The second, RayCool 8. costs $41,589.00 to install. $2,136.00 to operate per year for 5 years at which time it will be sold for $9,066.00. The firm's cost of capital is 6.83%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes Submit Answer format: Currency Round to: 2 decimal places