Blooper Industries should replace the magnoosium purification system. Quick & Dirty Systems sells the relatively cheap purification system for $12 million. System will last four years. Do-It-Right sells the sturdier but more expensive system for $13 million; it will last for five years. Both systems entail $2 million in operating costs; both will be depreciated straight-line to the final value of zero over the useful lives; neither will have any salvage value at end of life. Firm's tax rate is 35%, and discount rate is 15%. i) Determine equivalent annual cost of every alternative: Equivalent Annual Cost Quick & Dirty? Do-It-Right? ii) Which system must Blooper install? Quick & Dirty or Do-It-Right.