82 A firm is considering replacing the existing industrial air conditioning unit. They will pick...
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82 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,905.00 to Install, $5,002.00 to operate per year for 7 years at which time it will be sold for $6,981.00. The second, RayCool 8, costs $41,206.00 to install, $2,114.00 to operate per year for 5 years at which time it will be sold for $8,970.00. The firm's cost of capital is 5.01%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes Submit Answer format: Currency: Pound to: 2 decimal places
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