(Solved): After calculating the Equivalent Annual Annuity ... Type the equivalent-annual-annuity of the proje ...

After calculating the Equivalent Annual Annuity ... Type the equivalent-annual-annuity of the project you would choose ( \( A \) or \( B) \) ? Assume the discount rate is \( 5 \% \). "'Hint: Use five years for Project A and two years for Project B as the life of the EAA (Assumption: Projects are renewable indefinitelyl. Round your answer to the nearest two decimals if needed. Do not type the \( \$ \) symbol.