Another method to deal with the unequal life problem of projects is the equivalent annual annuity (EAA) method. In this method the annual cash flows initial stream. Consider the case of Fuzzy Badger Transport Company: Fuzzy Badger Transport Company is considering a five-year project that has a weighted average cost of capital of 14% and a net present value (NPV) of $80,720. Fuzzy Badger Transport Company can replicate this project indefinitely. What is the equivalent annual annuity (EAA) for this project? $23,512 $19,985 $25,863 $28,214 An analyst will need to use the EAA approach to evaluate projects with unequal lives when the projects are