The quietest solution is to put the fan on the roof (one storey) or on an exterior side wall (if there are floors above you) and connect a duct to the equipment room ceiling.
Regardless how you decide to do it, you also need to think about where the makeup air is coming from. If it's coming under the equipment room door (undercut) it could have a lot of dust in it. Better to install a "transfer grill" and filter, in the door or interior partition wall of the equipment room.