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Panhandle Corp. is considering three projects. Each project has an initial outlay of $5,790,000. Project A is expected to earn $3,000,000 in year one, $2,000,000 in year two, $1,000,000 in year three, $500,000 in year four, and $250,000 in year five. Project B is expected to earn $1,475,000 per year for five years. Project C is expected to earn $8,750,000 in year five. The WACC is 8%. What is the difference between the EAA of B and C ? B is larger by $11,820.27 C is larger by $11,225.53 B is larger by $16,354,54 C is larger by $16,493,97