You are considering two mutually exclusive projects with unequal lives. One of the projects has an up$-$front cost of $$47,000($CF$0=-47,000)$ and produces positive after$-$tax cash inflows of $$18,000$ a year at the end of each of the next $6$ years. Assuming the cost of capital is $8\mathrm{.}6\%,$ what is the equivalent annual annuity of the project?

Question $19$ options:

$$7,647$

$$8,517$

$$9,057$

$$9,837$

$$10,827$

$$11,787$