- 2 A Firm Is Considering Replacing The Existing Industrial Air Conditioning Unit They Will Pick One Of Two Units The F 1 (18.94 KiB) Viewed 22 times
#2 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The f
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#2 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The f
#2 A firm is considering replacing the existing industrial air conditioning unit. They will pick one of two units. The first, the AC360, costs $26,958.00 to install, $5,052.00 to operate per year for 7 years at which time it will be sold for $6,999.00 The second, RayCool 8, costs $41,255.00 to install, $2,109.00 to operate per year for 5 years at which time it will be sold for $8,931.00. The firm's cost of capital is 6.98%. What is the equivalent annual cost of the RayCool8? Assume that there are no taxes Submit Answer format: Currency: Round to: 2 decimal places.