Arctic Cruises is considering the purchase of two alternative cruise ships. Ship A has an expected life of 7 years, will cost $100 million, and will produce net cash flows of $30 million per year. Ship B has a life of 11 years, will cost $132 million, and will produce net cash flows of $25 million per year. Arctic Cruises plans to serve the route for 11 years. Inflation in operating costs, ship costs, and fares are expected to be zero, and the companys cost of capital is 11%. What is the equivalent annual annuity for each ship? Which ship should be accepted?