Question: 15. Martin Manufacturing, Inc. is considering two mutually exclusive projects, A and B. Project A costs $75,000 and is expected to generate $48,000 in year

15. Martin Manufacturing, Inc. is considering two mutually exclusive projects, A and B. Project A costs $75,000 and is expected to generate $48,000 in year one and $45,000 in year two. Project B costs $80,000 and is expected to generate $24,000 in year one, $25,000 in year two, $31,000 in year three, and $35,000 in year four. Martin Manufacturing, Inc.'s required rate of return for these projects is 10%. What is the equivalent annual annuity amount for each project? Which project should be chosen and why

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