13. Equivalent annual annuities Another method to deal with the unequal life problem of projects is the equivalent annuaf annuity (EAA) method, In this method the annual cash flows under the alternatlve investments are converted into a constant cash flow stream whose NPV is equivalent to the NPV of the comparative project's initial stream. Consider the case of Lumbering Ox Truckenakers: Limbering Ox Truckmakers is considering a three:year project that has a weighted averege cost of capital of 10% and a net present Valve (NPY) of 585,647 . Lumbering Ox Truckmakers can replicate this profect indefinitely. What is the equivalent annual annuity (EAA) for this project? $36,1623$29,274$30,996$34,440 An analyst will need to use the EAA-approach to evaluate projects with unequal lives when the projects are