Problem 12.05 (Equivalent Annual Annualty) ror ding > po Question 10 of 10 9. o Check My Work (2 remaining) 10 eBook Faleye Consulting is deciding which of two computer systems to purchase. It can purchase state-of-the-art equipment (System A) for $21,000, which will generate cash flows of $9,000 at the end of each of the next 6 years. Alternatively, the company can spend $13,000 for equipment that can be used for 3 years and will generate cash flows of $9,000 at the end of each year (System B). If the company's WACC is 10% and both projects can be repeated indefinitely, which system should be chosen, and what is its EAA? Do not round Intermediate calculations, Round your answer to the nearest cent. Choose Project whose EMAS Hide Feedback Incorrect