Crane Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $593,000, has an expected useful life of 15 years and a salvage value of zero, and is expected to increase net annual cash flows by $75,000. Project B will cost $397,000, has an expected useful life of 15 years and a salvage value of zero, and is expected to increase net annual cash flows by $51,400. A discount rate of 8% is appropriate for both