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Econo-Cool air conditioners cost $470 to purchase, result in electricity bills of $320 per year,...

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Finance

Econo-Cool air conditioners cost $470 to purchase, result in electricity bills of $320 per year, and last for five years. Luxury Air models cost $670, result in electricity bills of $270 per year, and last for eight years. The discount rate is 21%. What is the equivalent annual cost of the Econo-Cool model? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b. What is the equivalent annual cost of the Luxury Air model? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. Which model is more cost-effective? d. If the inflation rate is expected to be 10% per year for the foreseeable future. What is the equivalent annual cost of the Econo-Cool model and Luxury Air model? (Do not round intermediate calculations. Round your answer to 2 decimal places.) EAC(E cono-Cool Investment & Electricity) EAC(Luxury Air Investment & Elactricity) Cost effective model d. EAC(Econo-Cool Investment & Electricity) EAC(Luxury Air Investment & Electricity)

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