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What are the equivalent annual cost of the econo-cool and

Econo-Cool air conditioners cost $300 to purchase, result in electronic bills of $150 per year and last for 5 years. Luxury Air models cost $500, result in electronic bills of $100 per year and last for 8 years. The discount rate is 21%.

What are the Equivalent Annual Cost of the Econo-Cool and Luxury Air models?
Which model is more cost effective?

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Business Management: What are the equivalent annual cost of the econo-cool and

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Business Management: What are the equivalent annual cost of the econo-cool and

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