An import company, Is evaluating two mutually exclusive projects A and B. The relevant cash flows for each project are given in the table below. The cost of capital for use in evaluating each of these equally risky projects is 10 percent Table 11.7 - Base on data provided in this table, answer Questions 57-60. Project A Project B Initial Investment $350.000 $425,000 Year Cash Inflows (CF) 1 $140,000 $175,000 2 165,000 150,000 3 190,000 125,000 4 100,000 5 75,000 50,000 The NPVs of Projects A and B are (See Table 11.7) A 535,750 and 576,800, respectively 3.556,386 and 895,066, respectively C. $45.000 and $65.000, respectively D. $56,386 and 595,066, respectively 6 (See Table 11.7) The annualized NPV (ANPV) of Project A is O A. $22,674 B. $12,947 C. $38,227 D. $21,828 (See Table 11.7) The annualized NPV (ANPV) of Project Bis O A. $11,673 O B. $12,947 O C. $38,227 D. $21,828 Which project should be chosen using the Annualized NPV approach? (See Table 11.7) A. Project A because its annualized NPV (ANPV) is higher B. Project B because its NPV is higher C. Project A because its IRR is higher D. Project B because its annualized NPV (ANPV) is higher