A janitorial services firm is considering two brands of industrial vacuum cleaners to equip their staff. Option A will cost $$1,500,$ require servicing of $$200$ per year, and it will last five years. Option B will cost $$1,000,$ require servicing of $$100$ per year, and it will last three years. If the cost of capital is $8\%,$ which is the better option, given that the firm has an ongoing requirement for vacuum cleaners?

Option A$,$ since it has a greater equivalent annual cost.

Option B$,$ since it has a greater equivalent annual cost.

Option B$,$ since it has a lower equivalent annual cost.

Option A$,$ since it has a lower equivalent annual cost.