Farma Biomedical, Inc. has only one production facility and must decide between two possible investments for the facility. Each has different cash flows and a different life span. Given the forecasted cash flows below and using the equivalent annual annuity approach, decide which project is a better investment. The company's cost of capital is 11.5%. Cash Flows ( millions) Year 0 Year 1 Year 2 Year 4 Year 195 $ 140 Project A (265) Project B(260) 100 $ 90 140 110 150 a. What is the equivalent annual annuity of Project A? (Enter your answer in millions, rounded to two decimal places Equivalent annual annuity of Project A million b. What is the equivalent annual annuity of Project B? (Enter your answer in millions, rounded to two decimal places.) Equivalent annual annuity of Project B million c. Which project is a better investment? Project B Project A