You are considering the following 2 mutually exclusive projects. Using the equivalent annual annuity method and a cost of capital of 10%, which project should be selected? (Round to nearest $) 
A) Project B because of an EAA of $12,060
B) Project A because of an EAA of $5,857
C) Project B because of an EAA of $38,320
D) Project A because of an EAA of $10,165
Correct Answer:
Verified
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