4) Project A requires an upfront payment of $[500*(2+9+3)]M and yearly payments of $[10*(9+1+3)]M for [9+9+1] years. Project B requires an upfront payment of $[600*(2+9+3)]M and yearly payments of $[15*(9+1+3)]M for [6+2+9] years. Your cost of capital is [1+6]%. Which project should you take?

a) What is the EEA for Project A.

b) What is the EEA for Project B.

c) Which project should you select: Project A, or Project B.

NOTE: Provide your answers in Millions. E.G. for 100M you must enter 100.0000, for 20M you must enter 20.0000, etc. NOTE: For Part C, answer A or B.