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Luthering Corp. has to choose between two mutually exclusive projects. If it chooses project A, Luthering Corp. 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 fe) 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 10%? Cash Flow Project Year : Project B Year : -$15,000 9,000 Year 1 Year 1: Year 2 15,000 14.000 Year 3: Year 3: - $45,000 9,000 16,000 15,000 14,000 13,000 12,000 Year 4: Year 5: Year 61 $16,108 $13,692 59,665 $12,001 $14,497 Luthering Corp. is considering a four-year project that has a weighted average cost of capital of 13%, and a NPV of $90,760. Luthering Corp. can replicate this project indefinitely. What is the equivalent annual annuity (EAA) for this project? $30,513 $32,039 $35,090 O $36,616 O $25,936