3. answer the following questions using the cash flows for mutually exclusive Project A and Project B

Year: 0 1 2 3 4 5 6

Project A CF ($): (18,000) 4,500 6,500 6,500 6,500 5,500 4,500

Project B CF ($): (9,000) 3,000 7,000 6,000 0 0 0

b. Compute the equivalent annual annuity using a 15 percent discount rate