Question: After calculating the Equivalent Annual Annuity ... Type the equivalent-annual-annuity of the project you would choose (A or B) ? ..... Assume the discount rate
After calculating the Equivalent Annual Annuity ... Type the equivalent-annual-annuity of the project you would choose (A or B) ? ..... Assume the discount rate is 5%. Year012345ProjectA$(151,150)$53,452$76,215$22,562$43,488$72,395ProjectB$(143,690)$85,977$64,116 Hint: Use five years for Project A and two years for Project B as the life of the EAA (Assumption: Projects are renewable indefinitely). Round your answer to the nearest two decimals if needed. Do not type the $ symbol
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