Consider the cash flows for the following two projects:

n A B 0 -$32,000 -$39,950 1 $6,600 $7,950 2 $9,500 $7,900 3 $8,150 $6,750 4 $X $6,925 5 $8,050 $9,000 6 $5,500 $9,650

(a) For project A, find the value of X that makes the equivalent annual receipts equal the equivalent annual disbursement at i=8% (b) Would you accept project B at i=6% based on AE criterion?