How do I calculate these to end up with the correct answer highlighted in Green?

You are to decide between two mutually exclusive projects. Both require a cash outflow today of $100,000. Project A generates cash flows of $50,000 a year for three years; Project B generates the following cash flows: Year 1: $30,000 Year 2: $40,000 Year 3: $50,000 Year 4: $60,000 Year 5: $70,000 The required rate of return for both projects is 8%. If you convert project B into an annuity, what annual payment is produced? $50,000 $75,087 $48,465 $193,506 You are to decide between two mutually exclusive projects. Both require a cash outflow today of $100,000. Project A generates cash flows of $50,000 a year for three years; Project B generates the following cash flows: Year 1: $30,000 Year 2: $40,000 Year 3: $50,000 Year 4: $60,000 Year 5: $70,000 The required rate of return for both projects is 8%. Using the equivalent annual annuity approach, which project would you choose? Project B, because its length exceeds that of project A. Project B, because its NPV is higher than the NPV of project A. Project A, because it is already structured as an annuity. Project A, because it produces a higher annual cash inflow than project B. You are to decide between two mutually exclusive projects. Both require a cash outflow today of $100,000. Project A generates cash flows of $50,000 a year for three years; Project B generates the following cash flows: Year 1: $30,000 Year 2: $40,000 Year 3: $50,000 Year 4: $60,000 Year 5: $70,000 The required rate of return for both projects is 8%. If you convert project B into an annuity, what annual payment is produced? $50,000 $75,087 $48,465 $193,506 You are to decide between two mutually exclusive projects. Both require a cash outflow today of $100,000. Project A generates cash flows of $50,000 a year for three years; Project B generates the following cash flows: Year 1: $30,000 Year 2: $40,000 Year 3: $50,000 Year 4: $60,000 Year 5: $70,000 The required rate of return for both projects is 8%. Using the equivalent annual annuity approach, which project would you choose? Project B, because its length exceeds that of project A. Project B, because its NPV is higher than the NPV of project A. Project A, because it is already structured as an annuity. Project A, because it produces a higher annual cash inflow than project B