Final answer:
The rms voltage of the AC power is 499.4 V.
Step-by-step explanation:
To find the rms voltage, we can use the equation Vrms = Vp / √2, where Vp is the peak voltage.
For a heavy industrial equipment with a peak voltage of 706 V, the rms voltage would be:
Vrms = 706 V / √2
Vrms = 499.4 V
Therefore, the rms voltage of the AC power is 499.4 V.