A firm is evaluating two mutually exclusive projects that have unequal lives. The firm must evaluate the projects using the annualized net present value approach and recommend which project they should select. The firm's cost of capital has been determined to be 15 percent, and the projects have the following initial investments and cash flows: Project A Project B Initial Investment: $85,000 $140,000 Cash flows: 1 $45,000 $70,000 2 45,000 80,000 3 45,000 90,000 45,000 5 45,000 Which project should be selected and why? Show your work and provide explanation. 4