a company is considering 2 mutually exclusive projects. project A has an initial cost of $80,000 (CFo = -80,000) and produces cash inflows of $38,000 a year at the end of each of the next 6 years. Project B has an initial cost of $60,000 (CFo = -60000) and produces cash inflows of $30000 a year at the end of the next 3 years. After 3 years, project B can be repeated for one more time. the company's cost of capital is 10%. which project should the company take?

1. use the replacement chain approach

2. use the equivalent annual annuity analysis