Kindly assist in both problems a and b. This problem requires EAC or Equivalent Annual Cost

(Related to Checkpoint 11.2) (Calculating EAC) Barry Boswell is a nancial analyst for Dossman Metal Works, Inc. and he is analyzing two alternative congurations for the tirm's new plasma cutter shop. The two alternatives, denoted A and B below, will perform the same task, but alternative Awill cost $95,000 to purchase, while alternative B will cost only $50,000. Moreover, the two alternatives will have very different cash ows and useful lives. The after-tax costs for the two projects are as follows: a . a. Calculate each project's EAC, given a discount rate of 9 percent. b. Which of the alternatives do you think Barry should select? Why? 3. Alternative A's EAC at a discount rate of 9% is $D. (Round to the nearest cent.)