10.Singing Fish Fine Foods has $2 million for capital investments this year and is considering two potential projects for the funds. Project 1 is updating the store's deli section for additional food service. The estimated after-tax cash flow for this project is $720,000 per year for the next 5 years. Project 2 is updating the store's wine section. The estimated annual after-tax cash flow for this project is $600,000 for the next 6 years. If the appropriate discount rate for the deli expansion is 9.5% and for wine selection is 9.0%, use the NPV to determine which project Singing Fish should choose for the store. Adjust the NPV for unequal lives with the equivalent annual.. annuity (EAA). Which project has the higher EAA? NPV-project 8/ EAA project A NPV-project B7 EAA project B NPV-project A/ EAA-project B NPV-project A/EAA Project A 7.Swan's Company is working in infrastructure field. A new electricity generating station is established to last for 10 years and supplies electricity to the nearby valleys. The net present value of this project is calculated by the company's finance manager and it worth $300,000. If the discount rate used by this company in its cash flows is 8%, what is the equivalent annual annuity (EAA) of a project? O107,109 Og $21.195 08 $44.709