A company makes an investment in a new product costing $574,000 and is expected to have a service life of 10 years. If it is expect to generate the following profits: $175K, $185K, $125K, $125K, $140K $220K, $150K and the project is evaluated at a rate of 4%, What is the present value of the project & the annual equivalent? A PV $639, 315 AE $78, 822 B. None of These C. PV $732, 540 AE $66, 617 D. PV $622, 670 AE $56, 710 E. PV $702, 540 AE $86, 617