Project a Costs $35,000, Has a 4 Year Life and Incurs

Project A costs $35,000, has a 4 year life and incurs $4,000 in costs. Project B costs $39,000, has a 5 year life and incurs $4,500 in costs. Given the company's rate of return is 10%, calculate the
Equivalent annual cost of each project.

A) Project A $16,788; Project B $15,211
B) Project A $15,041; Project B $14,788
C) Project A $14,190; Project B $13,250
D) Project A $13,452; Project B $12,924
E) Project A $12,623; Project B $11,679