Globo$-$Dharma Co$.$ has to choose between two mutually exclusive projects. If it chooses project A$,$ Globo$-$Dharma Co$.$ will have the opportunity to make a similar investment in three years. However, if it chooses project B$,$ it will not have the opportunity to make a second investment. The following table lists the cash flows for these projects. If the firm uses the replacement chain $($common life$)$ approach, what will be the difference between the net present value $($NPV$)$ of project A and project B$,$ assuming that both projects have a weighted average cost of capital of $13\%?$

Cash Flow

Project A Project B

Year $0$: $$$$20,000$ Year $0$: $$$$40,000$

Year $1$: $11,000$ Year $1$: $8,000$

Year $2$: $17,000$ Year $2$: $16,000$

Year $3$: $16,000$ Year $3$: $15,000$

Year $4$: $12,000$

Year $5$: $11,000$

Year $6$: $10,000$

$$14,216$

$$9,477$

$$13,426$

$$12,636$

$$15,795$

Globo$-$Dharma Co$.$ is considering a three$-$year project that has a weighted average cost of capital of $12\%$ and a NPV of $$49,876.$ Globo$-$Dharma Co$.$ can replicate this project indefinitely. What is the equivalent annual annuity $($EAA$)$ for this project?

$$17,651$

$$20,766$

$$24,919$

$$22,843$

$$23,881$