u Course Hero X 0 Question 8 - Chapter 9 Homewt X + V X ( C i eztomheducation.com/ext/map/indexhtml[con:con&externalibrowser:0&launchUrl:https%253A%252F%252Fualearn.blackboard.com%252Fweb... l9 'k I. l] o 5 Chapter 9 Homework 6 Saved Help Save 5 Exit Submit A Blooper Industries must replace its magnoosium purification system. Quick 8: Dirty Systems sells a relatively cheap purification system for $10 million. The system will last 5 years. DoltRight sells a sturdier but more expensive system for $12 million; it will last for 6 years. Both systems email $3 million in operating costs; both will be depreciated straight-line to a final value ofzero over their useful lives; 10 neither will have any salvage value at the end of its life. The firm's tax rate is 30%, and the discount rate is 14%. paints a. What is the equivalent annual cost of investing in the cheap system? Sk'ppe\" Note: Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to 2 decimal places. b. What is the equivalent annual cost of investing in the more expensive system? eBook Note: Do not round intermediate calculations. Enter your answer as a positive value. Enter your answer in millions rounded to 2 decimal places. PW\" c. Which system should Blooper install? Peter en ces a. Equivalent annual cost millions b. Equivalent annual cost millions c. Which system should Blooper install? %