Company K is considering two mutually exclusive projects, Project A and Project B. Each project requires an initial investment for machines, and expects an identical net income (after deducting expenses) in every project year. The projects' cash flows are given in the table below. The company's required rate of return is 14% per year. Required: i) Determine the annual net income of Project B that will make the two projects equally attractive. The study period is six years. Assume that the repeatability assumption is applicable. (12 marks) ii) If the study period is now two years, what annual net income of Project B will make the two projects equally attractive? Explain your assumptions. (6 marks) Discuss the advantages and the limitations of using annual worth (AW) as the assessment tool to evaluate projects. (10 marks)