Galaxy Corp. is considering a five$-$year project that has a weighted average cost of capital of $12\%$ and a NPV of $$56,489.$ Galaxy Corp. can replicate this project indefinitely. What is the equivalent annual annuity $($EAA$)$ for this project?

$$13,320$

$$15,671$

$$18,805$

$$14,104$

$$14,887$Galaxy Corp. has to choose between two mutually exclusive projects. If it chooses project A$,$ Galaxy Corp. will have the opportunity to make a similar

investment in three years. However, if it chooses project B$,$ it will not have the opportunity to make a second investment. The following table lists the

cash flows for these projects. If the firm uses the replacement chain $($common life$)$ approach, what will be the difference between the net present

value $($NPV$)$ of project A and project B$,$ assuming that both projects have a weighted average cost of capital of $11\%?$

Cash Flow

$$15,077$

$$21,538$

$$12,923$

$$14,000$

$$19,384$