You are considering two mutually exclusive projects with unequal lives. One of the projects has an up$-$front cost of $$53,000($CFO $=-53,000)$ and produces positive aftertax cash inflows of $$19,000$ a year at the end of each of the next $5$ years. Assuming the cost of capital is $11\mathrm{.}5\%,$ what is the equivalent annual annuity of the project?

$$2,619$

$$3,219$

$$3,699$

$$4,479$

$$5,049$

$$5,589$